Use a Financial Advisor, CPA, Lawyer for your personal situation. The “one form” that overrides both a will and a trust every time is the beneficiary designation form. While wills and trusts are comprehensive legal documents, assets with specific beneficiary designations—such as life insurance policies, IRAs, 401(k)s, and Payable-on-Death (POD) or Transfer-on-Death (TOD) accounts—bypass both documents entirely. Upon death, these assets transfer directly to the
