In your Will, you can designate a specific person to receive any tangible personal property items not specifically gifted to someone. In case the primary beneficiary doesn’t survive you, you need to name one or more contingent beneficiaries to receive your tangible personal property.
Tangible Personal Property
Tangible personal property is jewelry, paintings, clothing, furniture, and automobiles—basically anything in your house that doesn’t have a legal title to it. Pets are also considered tangible personal property.
A contingent beneficiary is the person or trust that you designate to receive the proceeds of a life-insurance policy, an IRA, pension benefit, or annuity in the event that your primary beneficiary doesn't survive you or dies at the same time that you do.
To edit General Beneficiaries for Tangible Personal Property:
1) Click on 'Your Info' at the top left of the program, then scroll down to select
'Beneficiaries - Make Changes'.
2) Scroll down to find General Beneficiary(ies) of Tangible Personal Property
3) Here you will be able to edit your contingent beneficary(ies).
4) We advise you to Remove the beneficiary and Add Beneficiary as a new entry when editing beneficiaries.