Many people are unaware that the beneficiary designations defined in a will do not apply to retirement accounts. Instead, all retirement accounts – including IRAs, as well as employer-sponsored retirement accounts like 401(k)s and 403(b)s – have their own beneficiary designation forms.

Not properly completing a beneficiary designation form, or not keeping your beneficiary designations current, could potentially cost your loved ones thousands of dollars in lost assets on your death.

In a recent Wall Street Journal blog past, columnist Jason Zweig shares a few horror stories and also provides some useful tips to avoid potential pitfalls. You can read the entire April 4th, 2014 post here.