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How do I assign or change beneficiary designations on assets?

Learn how to assign or change beneficiary designations on assets.

There are two options to assign or change asset beneficiary designations.

Option 1: Within the asset card.

  1. From the Balance Sheet, open up an existing asset card.

  2. Go to the “Beneficiaries” Tab

  3. Select beneficiaries

Option 2: assign or change beneficiary designations in bulk. This option allows you to apply the same beneficiaries to many assets at once.

Flow:

  1. Tab 1 – Design Beneficiary Structure

    • Configure primary and secondary beneficiaries (with optional contingent).

    • Share type: Percentage or Fraction.

    • Contingent condition (e.g. AllPrimaryBeneficiaries).

    • Validation:

      • At least one primary beneficiary.

      • All beneficiaries have contact IDs.

      • Primary totals ≤ 100% or ≤ 1 (fractions).

      • Contingent totals per primary ≤ 100% or ≤ 1.

      • No duplicates (primary vs primary, primary vs contingent, etc.).

  2. Tab 2 – Select Assets

    • Asset list is filtered:

      • Excludes asset types where beneficiaries are not allowed (Cash, Crypto, Loan, Credit Card, Other Liability).

      • Excludes Personal Real Estate when any owner is a Trust

  3. Apply

    • If any selected asset already has beneficiaries: show override confirmation modal.

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