of which are beneficiaries
Beneficiaries are the people the saver defines as those who will be entitled to receive funds from a savings product in the event of death, in accordance with the rules applicable to the product and the documents signed with the fund manager.
In products such as קופות גמל and קרנות השתלמות, the details of the beneficiaries can be very significant. They may affect the distribution of funds and the speed of treatment with the fund manager.
Why not leave that for another time
Life changes: marriage, children, divorce, new relationship or change in family relationships. If beneficiaries are not updated, the existing document may no longer reflect the will of the saver.
A common mistake is to think that a will always solves everything. In practice, you need to check the relationship between the product documents, the instructions of the beneficiaries and the relevant law, and in complex cases get appropriate advice.
how to make order
It is worth checking with each fund manager who is registered as a beneficiary, whether there are distribution percentages, and whether the personal details are updated. After that, you can submit a beneficiary update form as required by the fund manager.
Checking beneficiaries every few years is a relatively simple operation that can prevent family misunderstandings in the future. It is especially important after a significant family change.