However, you have to submit the information correctly and make sure it is up to date. For some accounts, it may have been that you chose a beneficiary when you opened the account without thinking much about it.
[header] How to name a financial beneficiary [title] Decide who you want to receive each account's proceeds. [step] Who you choose as your beneficiary will likely depend on the type of the account and the amount of its proceeds. [substeps] Accounts with beneficiary designations can be the quickest and most efficient way to get money into the hands of the right people after your death.