Who Is Getting Your Money?: The Beneficiary Designation Quiz

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Who Is Getting Your Money?: The Beneficiary Designation Quiz

Take this quick quiz to test your knowledge of the essential rules and safeguards when appointing beneficiaries.

By Donna LeValley published 6 May 2026 in Features

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Naming a beneficiary seems like a "set it and forget it" task, but a lot can change between the time you open an account and the time your heirs need to access it. From the complications of leaving money to minors to the importance of naming a backup, a few simple designations can make or break an estate plan.

By reviewing your forms annually and understanding how these choices interact with your broader financial goals, you can provide your family with clarity and peace of mind during a difficult time.

And don't worry if you miss an answer; you can use the links below the quiz to brush up on appointing beneficiaries and estate planning.

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More on Estate Planning, from the Kiplinger retirement team:

• Choose a Beneficiary for Your Estate Plan: It's Not 'Duck, Duck, Goose'
• Wills Gone Wild: How to Avoid Estate Planning Disasters
• 15 Estate Planning Terms You Need to Know
• Estate Planning for Millionaires
• Six Reasons to Disinherit Someone and How to Do It
• Revocable vs Irrevocable Trusts: It Comes Down to Control vs Protection
• Estate Planning Checklist: 13 Smart Moves

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Contact me with news and offers from other Future brandsReceive email from us on behalf of our trusted partners or sponsorsBy submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over. Donna LeValleyRetirement Writer

Donna joined Kiplinger as a personal finance writer in 2023. She spent more than a decade as the contributing editor of J.K.Lasser's Your Income Tax Guide and edited state specific legal treatises at ALM Media. She has shared her expertise as a guest on Bloomberg, CNN, Fox, NPR, CNBC and many other media outlets around the nation. She is a graduate of Brooklyn Law School and the University at Buffalo.