Based on financial conversations I've had with trusted family members, I believe that asset allocation is one of the more critical things to «get right» during retirement savings. (money.stackexchange.com)
Other trusted family members and / or adult children can be nominated as the secondary beneficiaries, considering the worst - case scenario that both parents may pass away at the same time. (policybazaar.com)
Make sure trusted family members know where to find it. (humbledollar.com)