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Transfer on Death
Use the Transfer on Death page to register one or more
beneficiaries (called “TOD Beneficiaries”) to whom you want to directly
account assets upon your death without having to go through
probate. When you register a Transfer on Death beneficiary, the
executor or administrator of your estate will only have to submit a Transfer
on Death Beneficiary Distribution Form with a certified copy of the death
certificate to ensure that your assets transfer to the beneficiary or
beneficiaries that you have designated.
The following rules apply to Transfer on Death registration:
United States-based Single accounts are eligible for Transfer on Death
registration. IRA accounts are NOT eligible.
beneficiary (or beneficiaries) can be a natural person or other entity,
such as a trust, corporation or guardianship. Minors can be beneficiaries
only if a custodian, trustee, or guardian is named for the minor.
- You must
designate at least one and up to six Primary beneficiaries, and can designate
one or more optional contingent or Secondary beneficiaries. When you register
a beneficiary, you select the percent ownership of your assets to that
beneficiary. The percent ownership among all Primary beneficiaries must
equal 100%. The percent ownership of all Secondary beneficiaries, if you
choose to include them in your Transfer of Death registration, must also
- If you
are married and reside in a community property state, you must obtain
your spouse’s consent if you are not naming your spouse as the sole primary
beneficiary. You and your spouse
should consult a legal and tax professional.
you complete the Transfer on Death registration, the title of your account
will be amended to include your Transfer on Death Beneficiary (for example,
“John Doe, TOD Mary Smith”).
- At the
completion of the online registration process, you will be prompted to
complete a Transfer On Death Agreement and send it to us. Be sure to send
us a new signed Agreement anytime you change or remove TOD beneficiaries.
US states do not allow Transfer on Death registration or may have specific
restrictions. You and your spouse should consult a legal and tax professional.
Who can access the Transfer on Death page?
You can access this page if you are a(n):
- US-based Individual Account User with a single account or multiple linked accounts. Joint, Trust and IRA Accounts cannot access this page.
To register a Transfer on Death beneficiary
- Click Manage Account > Account
Information > Transfer On Death.
- Select a beneficiary type to begin
the registration process:
- Click Add
Individual Beneficiary to register an individual person
as a beneficiary.
- Click Add
Entity Beneficiary to register an entity such as a
trust, corporation or guardianship as a beneficiary.
- Enter information about the beneficiary
in the fields on the next page:
- For an individual beneficiary, the
Add Beneficiary page displays.
To update your marital status, click Manage Account > Account
Information > Details.
- For an entity beneficiary, the Add
Entity Beneficiary page displays.
- If you are registering only one beneficiary,
enter 100 in the
Percent of Ownership field
to assign all of your assets to that person or entity. If you
plan on registering additional beneficiaries, enter the appropriate
percent amount of ownership for this beneficiary. The percent
of ownership for all beneficiaries must equal 100.
- You must designate at least one and
up to six Primary beneficiaries, and can designate one or more
optional contingent or Secondary beneficiaries.
In the Beneficiary Type field,
select Primary to
make this person or entity the primary beneficiary, or Secondary
to make this person or entity a contingent beneficiary.
you are a non-U.S resident, you will be required to provide a copy
of the national identification document that shows the identification
number that you have provided. The document must include person's
photograph and date of birth.
- Click Back.
The beneficiary whose information you just entered
is displayed on the TOD Beneficiaries page.
- Specify what to do if any primary
beneficiary predeceases the account owner by selecting one of the
radio buttons on the TOD Beneficiaries
- Pass the shares to the remaining primary
beneficiary(s) pro rata (proportionate to the designated percentages).
- Pass the shares to the secondary beneficiaries.
- Click Back.
- You will receive an email containing
a confirmation number that must be entered to confirm your TOD beneficiary
registration. Once you have entered the confirmation number, click
- Click the Transfer
on Death Agreement link. A prepopulated form displays. Read
the agreement carefully, then print the form, sign it and send it
When we approve your request, your Transfer on Death beneficiary registration
will be complete.
are also required to send us a new signed Transfer on Death Agreement
anytime you modify or remove TOD beneficiaries. To do this, see Removing or Modifying a TOD Beneficiary.