Can I name alternate beneficiaries in my will?

You should name alternate beneficiaries in your will. If the person that you designate as your primary beneficiary or a level of primary beneficiary, say, the first three kids, the alternate beneficiaries then can be their children. If you don’t name alternates and all the beneficiaries that you name in your will pass away before you do, then you have to reply on the statutes for distributing those assets. Maybe it’s going to go to beneficiaries that you did not intend or didn’t even know would inherit without having an effective plan in place.