A. Most people think an updated Will is all they need. However, your will or trust will NOT override what is named in the beneficiary designation on a life insurance policy, annuity, or retirement account (IRA or 401k).
Beneficiary designations takes precedence.
Regardless of your current relationship status with the beneficiary on record, and regardless of how your current will reads, the proceeds from life insurance policy will be paid to the latest person named in the beneficiary designation!