Investing Simple Logo
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Earn 5.00% APY with M1 High-Yield Savings Account
M1 Plus members can earn 5.00% APY on their deposits with no minimum balance required.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Cho Evelína on March 23, 2023
FTC Disclosure: Some of the links on this site are affiliate links. Read our full disclaimer here.

How To Set A Webull Beneficiary Explained In 2023

When it comes to financial planning, it is essential to consider not only the present but also the future.

One aspect of this is ensuring that your assets are distributed according to your wishes in case of your death.

That's where the concept of a beneficiary comes in.

A beneficiary is a person or entity that you designate to receive your assets in case of your death.

Best Free Stock Promotions

Robinhood LogoGet 1 Free Fractional Share Worth $5 To $200Download
Webull LogoGet Up To 12 Free Fractional SharesDownload
Moomoo LogoGet 5 Free Stocks When You Deposit $100+Download
Acorns LogoGet A $20 Bonus When You Invest $5+Download

Does Webull Offer Beneficiary Designation?

Webull, a US-based broker-dealer, offers the option of naming a beneficiary for its IRA accounts.

An IRA, or individual retirement account, is a type of investment account that allows individuals to save for retirement while receiving tax benefits.

If you have an IRA with Webull, it is essential to name a beneficiary.

If you pass away without naming a beneficiary, the assets in your account will have to go through the probate process, which can be time-consuming and costly for your loved ones.

Naming a beneficiary with Webull is a straightforward process.

You can do it either when applying for your IRA account or after opening it. The process is available on both the Webull mobile app and the website.

If you have named a beneficiary for your Webull IRA account and pass away, the assets in your account will transfer directly to the beneficiary. This means that the assets will not have to go through the probate process, and your loved ones can receive them without unnecessary delays.

In case you need to make changes to your beneficiary designation, you can do so easily on the Webull platform.

Simply log in to your account, navigate to the "Settings" section, and select "Beneficiaries."

From there, you can modify your existing beneficiary or add a new one.

No Beneficiary For Individual Webull Accounts

It is worth noting that naming a beneficiary is only available for Webull IRA accounts.

For individual brokerage accounts, the assets will have to go through the deceased account owner's estate.

Final Thoughts

In conclusion, naming a beneficiary for your Webull IRA account is a simple and essential step in financial planning.

It ensures that your assets are distributed according to your wishes, and your loved ones can receive them without unnecessary delays or expenses.

If you have any questions or need assistance, you can always contact Webull customer service via email or phone.

Don't forget to grab your free stock worth up to $200 from Robinhood today!

Article written by Cho Evelína

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram