“As people set up their estate plans, many wrongly assume that their wills will determine what happens to their retirement accounts. In fact, the beneficiary designation usually trumps the will, and heirs who try to stake a claim to 401(k) or IRA assets that have been designated to someone else face costly litigation with no certainty of success.  In his most recent ‘Intelligent Investor’ column, The Wall Street Journal’s Jason Zweig describes the plight of several families that have been tripped up by outdated beneficiary paperwork.”

http://blogs.marketwatch.com/encore/2014/04/07/how-your-401k-could-disinherit-your-kids/

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