When creating a will or setting up a financial account, you’ll need to name a beneficiarythe person or organization who will receive your assets after you pass away. Choosing the right beneficiary is an important decision, as it will determine who inherits your hard-earned money and possessions.
There are a few things to consider when choosing a beneficiary. First, think about your relationship with the person or organization. Are they close to you? Do you trust them to manage your money wisely? It’s also important to consider their financial situation. If they’re already wealthy, they may not need your money as much as someone who is struggling financially.
