Most people think that making a will is enough to pass on their properties to their beneficiaries when the time comes. Unfortunately, this is not the case and most will and probate lawyers will tell you that making a will without naming specific beneficiaries is a bad idea. Will and trust lawyers too know the advantages of putting the names of beneficiaries in the legal instrument.
You see, when you put specific names of persons or legal entities on your will as beneficiaries, the money can go directly to these people or legal entities and not to your estate. Remember that when your money goes to your probate estate, it will be taxed and your beneficiaries will end up getting less than they should. If you do not want to delay the distribution of your assets to your heirs, you should talk to your will and probate lawyer about designating specific beneficiaries of your assets.