Naming beneficiaries looks another crucial feature of estate planning. Ensure that your beneficiary designations match your estate plan and overall aim. Update these designations frequently to reflect alterations in family situation, such as births, deaths, and divorces.Thirdly, with planning forward, millennials can safeguard their loved ones in situation anything happens to them. With the best designated beneficiary will ensure that the appropriate men and women inherit your assets, lacking needing to go with a drawn-out probate process.