For many people, retirement accounts—such as IRAs, 401(k)s, 403(b)s, and other qualified plans—are among their largest assets. Choosing the right beneficiary for these accounts can significantly affect how much your loved ones receive, how quickly the money must be distributed, and how much is lost to taxes. One strategy some people use is naming their revocable living trust as the beneficiary of these accounts. This approach offers meaningful benefits in terms of control and
