A beneficiary is an individual or individuals designated to receive the assets held in an account upon the death of the account holder. Having a beneficiary on an account is important to ensure your assets are distributed according to your wishes after your death.
You are able to add and edit beneficiaries on your account directly by following the steps below:
Log into your account at https://app.zoefin.com
Click into your account
Click on "Account Info" tab
You will see both a "Primary Beneficiaries" And "Contingent Beneficiaries"
Edit these sections as you please, including the name, relationship, and share of funds you would like to be distributed to this beneficiary
Click save
You can also add a contingent beneficiary to an account. A contingent beneficiary is who would inherit the assets in your account if both you and your primary beneficiary were to pass. The process of adding a contingent beneficiary is the same as adding a primary beneficiary.
Note: Our platform currently only supports Per Capita beneficiaries, if you are looking to Per Stirpes beneficiaries, we recommend inputting contingent beneficiaries of the primary beneficiary's children/descendants.
If you need any additional assistance, you can contact the Zoe Client Success team at [email protected] or 646-264-4449.