To add a beneficiary to an Ellevest Digital, Premium or membership investment account, please complete this form and return it to Folio Investments 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.
If you’re looking for instructions on how to add a beneficiary to an IRA, check out our FAQ on that here.