The process for adding a beneficiary will depend on which type of account you need to add a beneficiary for. See the instructions below for adding to either an IRA or adding to an Investment account.
To add a beneficiary to your IRA
You can add a primary beneficiary to your Ellevest account by navigating to the User Menu at the top right hand side of your dashboard and selecting Accounts from the dropdown. Here, you can add a beneficiary to each IRA account type on their account specific page. If you would like to add a contingent beneficiary as well, then you will need to complete this form and return it to Goldman Sachs Custody Solutions.
Please note that if you live in Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, or Wisconsin, and don’t set your spouse as the 100% beneficiary of your account, then you have to complete this form and get your spouse to sign Part 4 on page 2.
If you need to review your IRA beneficiary information, you can find this on your dashboard if it was added via your dashboard. If this is the case, navigate to your User Menu in the top-right corner and select Accounts. Otherwise, you'll need to log into Goldman Sachs Custody Solutions. You can find your Goldman Sachs Custody Solutions login information in the same location within your dashboard.
To add a beneficiary to your Investment account
To add a beneficiary to an Ellevest account, please complete this form and return it to Goldman Sachs Custody Solutions in accordance with the instructions listed on the first page.
PART 1: Select Action - Check one option.
PART 2: Client Information - Complete the "Primary Account Owner Information" section .
PART 3: Designate Your Primary Beneficiaries - Answer all questions for each beneficiary you’re adding.
PART 4: Designate Your Contingent Beneficiaries - Complete if you’d like to name a contingent beneficiary in addition to a primary beneficiary.
PART 5: Additional Directions for Distributions of Assets to Minor Beneficiaries - Check one option.
PART 6: Spousal Waiver - You’ll need to ask your spouse to sign this section if you are a married resident of a community property state (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, or Wisconsin) and are not naming your spouse as 100% primary beneficiary.
PART 6: Beneficiary Designation Terms and Conditions - Sign.
Please note that if you're married and live in Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, or Wisconsin, and don't set your spouse as the 100% beneficiary of your IRA, then you'll have to ask your spouse to sign part 4 on page 2 of this form.