Parents with their two young children playing with bubbles in the park
IRA, Wealth Management

Questions when Choosing Beneficiaries

When’s the last time you did a beneficiary audit of your retirement and investment accounts? By designating beneficiaries, you’re taking the first step to reduce the risk of your retirement and investment accounts being processed through probate court to settle your estate. Probate can drag on for months or years, and the process can eat away 5% or more of an estate's value.

That’s why taking important steps now, whether to designate a beneficiary or simply review your current status, can help your financial future. When partnering with your financial consultant, you’ll review the following questions to help ensure that you are on the path to achieve your important legacy goals.

  1. Have you experienced life transitions — marriage, divorce, birth of a child, death of a spouse — since you last designated account beneficiaries?
  2. Are the beneficiary designations on your retirement and other investment accounts up to date?
  3. Are you sure that your retirement and investment assets will pass to the heirs of your choice with as little tax impact as possible upon your death?

Your financial consultant can help you evaluate your options and make sound decisions. Together, you’ll take inventory of all your accounts and their respective beneficiaries. And remember, consultations are always complimentary.

Your Credit Union ("Financial Institution") provides referrals to financial professionals of LPL Financial LLC ("LPL") pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services. Please visit or scan the QR code below for more detailed information.


To contact LPL about rights you may possess under the California Consumer Privacy Act, click here.


Check the background of investment professionals associated with this site on FINRA's BrokerCheck.



The financial advisors of Orange County's Wealth Management are registered with and offer securities and advisory services through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/ SIPC). Insurance products are offered through LPL or its licensed affiliates. Orange County's Credit Union and Orange County's Wealth Management are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Orange County's Wealth Management, and may also be employees of Orange County's Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Orange County's Credit Union or Orange County's Wealth Management. Securities and insurance offered through LPL or its affiliates are

Not Insured by NCUA or Any Other Government Agency Not Credit Union Guaranteed Not Credit Union Deposits or Obligations May Lose Value


LPL Financial Form CRS