Conversation Toolkit

Completing an annual beneficiary audit

Topic overview

Life is about transitions — birth, marriage, divorce, death of a spouse. As a trusted financial advisor, you can help your clients prepare for these life events.

A beneficiary audit is a systematic process your clients can undertake regularly (with your help) to update their legacy planning wishes.

Use these tools to help ensure that the beneficiary designations they have in place for their financial assets are up to date.

Is this relevant to my clients?

Individuals could benefit from these tools if they:

  • Have multiple accounts
  • Are age 50 or older
  • Have recently married
  • Have recently lost their partner due to death or divorce
  • Have recently added a child or grandchild through birth, adoption or marriage

How to Use Your Toolkit

  1. Schedule client meetings to discuss this opportunity.
  2. Email the Pre-Meeting Overview to your clients to set their expectations.
  3. Print out the Meeting Worksheet and review it together.
  4. Expand your knowledge even further and download the White Paper. Consider sharing it with your clients' CPAs, tax advisors and attorneys for more in-depth discussions.

Disclosures

This material is for educational purposes only. It cannot be used for the purposes of avoiding penalties and taxes. Columbia Threadneedle Investments does not provide tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation.