How do I add or update beneficiaries to my investment accounts?

You can add or update your beneficiaries in the Altruist portal.

What's a beneficiary?

A beneficiary is someone who will take ownership of your investment account if you pass away.

You can add up to 99 beneficiaries for most account types in Altruist. 

 

Adding Beneficiares

Desktop

If you're using desktop to add a beneficiary to your account, you can follow the steps below: 

1. Log into Altruist.

2. In the top right hand corner, next to transfer funds, click on your intials. 

3. Go to Settings.

4. Go to Accounts. 

5. Select the account you'd like to add beneficiaries to.

6. Scroll down to the section titled "Beneficiaries" and select "Add Primary"

You can determine if you'd like your assets distributed "Per Capita" or "Per Stirpes" as well as add Contingents.

Per Capita - if your primary beneficiary dies before you (the account owner), the assets will be distributed among other designated primary beneficiaries and/or contingents.

Per Stirpes - if your primary beneficiary dies before you (the account owner), the assets will be distributed to their own descendants. 

Primary Beneficiaries vs Contingents

A primary beneficiary or primary beneficiaries are the designated individuals or parties that will receive your assets, in the allocation that you decide. In Altruist, you must designate a percentage of your assets to the primary beneficiaries that, in total, adds up to 100%. 

Contingents are the individuals and/or parties that will receive the remainder of the assets, should your primary beneficiaries not be alive at the time of your death.

 

Mobile

Follow the steps in the video tutorial to add beneficiaries from your Altruist mobile app:

 

If you have any questions or get stuck, please email us at support@carboncollective.com