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What Your Will Can't Do


What Your Will Can't Do

Your will does not control these assets:

  • IRAs, 401(k), and other retirement plan assets. With each account, you will need to name a beneficiary to receive the benefits of your plan.
  • Life insurance policies. You will need to name beneficiaries of your life insurance policies to receive the death benefits after your lifetime.
  • Any assets you own jointly with rights of survivorship. If you are the first of two joint owners to die, your part will automatically pass to the surviving joint owner. Note, however, that your share of assets held as tenants in common will flow through to your beneficiaries.

It doesn’t have to be all or nothing
You can name us as a contingent beneficiary of your retirement plan assets or life insurance policies. That way we benefit only if your primary beneficiary is no longer living.

Contact your estate planning attorney to learn more about making your plans the best they can be. If you would like to include us in your will or other estate plans, we can help. Please contact Matt Humberger, Vice President and Chief Operating Officer of the Foundation at

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