One of the main benefits of a "beneficiary form" is that upon your death, it will avoid the court process called "Probate".  However, what happens if you did not name anyone on your beneficiary form?  Unfortunately, if that were to happen then the asset will go to the "estate".  Which means that the asset will have to go through the courts and Probate in the state of Florida.  Don't let this happen to you when it comes to those type of assets such as life insurance policies, annuities or retirement accounts!