Beneficiary on several investment accounts. What happens if I pass away?

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I am the Beneficiary on several Investment Accounts should my Partner pass away. I wondered what happens to this money if I pass away? My Partner has gone out of his way to make sure my children get whatever I was to get. But, this question is the only one I don't know how to deal with. Any suggestions?

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You are totally correct. I just looked at the paperwork and my son would be the beneficiary if I would die. So, no problem. But, I have a meeting on Friday with the attorney and will cover these issues again. I am sure my attorney thinks I have lost it. I have become SO INFORMED being on this site that I have found things that I did not do because I did not ask for them to be done. These attorneys should know to ask these questions. I would think! I am also going to do a contract for care.
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OregonGirl, I recall that there is specific wording addressing the death of more than beneficiary in the same incident or at nearly the same time. I don't recall it, but it addresses how to determine, for estate and inheritance purposes, who preceded whom in death.

Your son could be a contingent beneficiary if both of you die simultaneously.

But raising the issue with your attorney is the best way to incorporate the right terminology.
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I am very fortunate to be caring for my Love for many years now. I lost two husbands and did not want to remarry. So, we are Partners. I was shocked how well the Insurance and other companies adhere to the laws for Partners. We even get discounts on our Secondary Insurance as Partners and not married. Partnerships are common in the elderly.
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You are so right. I have a trust. But, if we were to die in the same car crash, he wants to add my son to the fund. I think I figured it out. I have to add my son as the Secondary Beneficiary. So, I email the company for the form. I just was not thinking this out. I am seeing my attorney this next week to update my trust. Gosh there is so much you have to stay on top of to make sure the State does not get any funds.. I think everyone should have a check list to check off when you have everything and any questions answered. Thanks once again this site is the BEST
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Do you mean if your partner dies and you receive the funds as expected, and then you die, what happens to the money then? Then it goes to whom ever you have designated. It sounds like your partner has plans to take care of your children should you die before him. You need to be become better informed about finances before you come into money or you'll make mistakes later on.
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If you are his beneficiary and no contingent beneficiaries are named, then the money will go into his estate. It will be used to satisfy any debts and the remainder will be distributed according to the terms of his will.
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