Many other financial products have beneficiary designations, as well, such as: A primary beneficiary is your first choice to receive an asset. You may also be asked to name a contingent ...

It is important to review and update beneficiary designations regularly to ensure that the HSA funds are distributed as desired. Although HSAs offer federal tax advantages, state tax treatment can ...

“It lets survivors access funds quickly and skips probate.”  To set up such a POD account, ask your bank or financial institution for a beneficiary designation form. Complete the form by naming the ...