Several years ago, I received a call from a client who had been named as the beneficiary of a life insurance policy for an ex-boyfriend. Although they had been separated for many years, she was the recipient of $50,000 when he tragically died in a motorcycle accident.
This story highlights the importance of keeping your wishes surrounding your finances front of mind, especially when significant life changes occur - such as a separation, divorce or a 2nd marriage with the blending of two families.
My clients wishes are always top of mind. That said, I encourage you to take a moment to review your beneficiaries. Be certain that those named are by design and not by accident.