Have you named beneficiaries for your assets?

Wanting to get your affairs in order with an estate plan can have numerous uses. You could have the ability to lessen the hardships your family could face when it comes time to administer your estate, and you could ensure that your surviving loved ones handle certain matters in a particular way. You can even ensure that specific assets go to the people you want to receive them.

Though Pennsylvania has laws that dictate how to divide assets after a person’s passing, you can circumvent these laws by naming beneficiaries in your estate plan. You may think that making a blanket statement indicating that your children should divide your estate equally or some other indicator will be enough, but you may want to more thoroughly consider the benefits of naming specific beneficiaries.

Who gets what?

When it comes to naming beneficiaries, you may have many reasons to do so. You could have life insurance policies or retirement accounts that allow you to specifically name a person to receive those assets almost immediately after your passing. The first person you want to receive a particular asset is known as the primary beneficiary. This person will obtain the assets as long as no extenuating circumstances prevent that person from acquiring them.

Of course, even if you do take the time to name a primary beneficiary, that person could pass before you or otherwise not be able to claim the assets. If so, you may want to ensure that you have contingent beneficiaries named. These beneficiaries are essentially next in line to receive a specific asset if the primary beneficiary cannot.

Why appoint specific people?

Bequeathing specific assets to specific beneficiaries could lessen the chances of your loved ones fighting over those assets. Additionally, the entire probate process could move forward more quickly if everyone knows to whom the assets should go. As a result, less time and money will have to go into settling your estate.

Understandably, it may seem tricky to name specific beneficiaries for certain assets, but it may give you the opportunity to really consider to whom you want your assets to go. You may even have the chance to share special memories with your loved ones if you want to explain why you want a person to have a particular item. Of course, it is important that you complete your beneficiary designations correctly, so you may want to go over your choices with an estate planning attorney.


The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

Privacy Policy

This privacy policy discloses the privacy practices for www.bononiandbononi.com. This privacy policy applies solely to information collected by this web site. It will notify you of the following:

  1. What personally identifiable information is collected from you through the web site, how it is used and with whom it may be shared.
  2. What choices are available to you regarding the use of your data.
  3. The security procedures in place to protect the misuse of your information.
  4. How you can correct any inaccuracies in the information.

Information Collection, Use, and Sharing 
We are the sole owners of the information collected on this site. We only have access to/collect information that you voluntarily give us via email or other direct contact from you. We will not sell or rent this information to anyone.

We will use your information to respond to you, regarding the reason you contacted us. We will not share your information with any third party outside of our organization, other than as necessary.

Unless you ask us not to, we may contact you via email in the future to tell you about specials, new products or services, or changes to this privacy policy.

Your Access to and Control Over Information 
You may opt out of any future contacts from us at any time. You can do the following at any time by contacting us via the email address or phone number given on our website:

  • See what data we have about you, if any.
  • Change/correct any data we have about you.
  • Have us delete any data we have about you.
  • Express any concern you have about our use of your data.

We take precautions to protect your information. When you submit sensitive information via the website, your information is protected both online and offline.

We also protect your information offline. Only employees who need the information to perform a specific job (for example, billing or customer service) are granted access to personally identifiable information. The computers/servers in which we store personally identifiable information are kept in a secure environment.


Our Privacy Policy may change from time to time and all updates will be posted on this page.

If you feel that we are not abiding by this privacy policy, you should contact us immediately via telephone at 412-832-2499