Why this matters

No nominee means no shortcut

Without a nominee on file, your family needs a succession certificate or probate just to access an account that should have taken a single form.

A nominee isn't automatically the same as an heir

Nomination and inheritance are legally different things — done wrong, a nomination can create confusion about who's actually entitled to the money.

It takes minutes, not months

A properly filed nomination is one of the fastest, cheapest pieces of paperwork you'll ever do — and one of the most commonly skipped.