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Beneficiary Designations

Plan for the Unexpected with Beneficiary Designations Life can be unpredictable. Be prepared for the unexpected by documenting and distributing your assets with beneficiary designations, alongside your will and estate plan.

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Benefits of Product

  • Direct control over asset distribution.
  • Avoidance of time-consuming and costly probate process.
  • Protection of privacy and confidentiality of affairs.
  • Easy updates and flexibility in beneficiary designations.
  • Potential tax advantages when designating beneficiaries for certain non-probate assets like retirement accounts.

Our Support Team

Supporting You Every Step of the Way


At MinaWill, we know that estate planning can be a complex process. That's why we're here to support you every step of the way. Our dedicated support team is available to assist you with any questions or concerns you may have.


Get Help When You Need It!


Our support team is available via phone, email, and live chat during business hours,

Monday through Friday from 7am to 5pm EST

Saturdays from 7am to 2pm EST


Whether you need help setting up your account, creating your estate plan, or updating your information, our team is here to assist you.

Frequently Asked Questions

What are non-probate assets?
Non-probate assets are assets that are passed onto beneficiaries other than through a will. Examples include IRAs, 401(k)s, pensions, certain bank and brokerage accounts, and life insurance policies. Non-probate assets can make up a significant portion of your total property.

If you don't designate beneficiaries for your non-probate assets, those assets may be distributed according to state law or the terms of your financial institution's default beneficiary designation. This may result in your assets being distributed to individuals or organizations that you did not intend to benefit.

Yes, in most cases, you can name multiple beneficiaries for the same asset, and specify the percentage or share of the asset that each beneficiary should receive. It's important to carefully consider the implications of naming multiple beneficiaries, however, as this can sometimes create complications or conflicts.

If your designated beneficiary predeceases you, you may need to update your beneficiary designation to ensure that your assets pass to your intended recipients. In some cases, your financial institution may provide default rules for who receives the asset in the event that your designated beneficiary is no longer alive. However, it's generally recommended to update your beneficiary designation proactively to ensure that your assets are distributed according to your current wishes.

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Create a legally-valid, Shari'a-compliant, and secure Islamic Will and Estate Plan in less than 20 minutes with MinaWill. Protect your family's future with ease and peace of mind.

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