What is a Beneficiary Designation and Can it Be Contested?

Piggy bank with coins

When a person dies, some of their assets may be passed down through beneficiary designations, which generally bypass probate and potentially could save the decedent’s loved ones time and money.

Unfortunately, the people who are designated as beneficiaries are not always whom the decedent intended to designate. Can a beneficiary designation be contested in such a scenario?

Learn more about what a beneficiary designation is, the various types of beneficiary designations, and how to contest them from this article by Keystone Law.