How to Add Beneficiaries
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Under the client's profile, go to the "People I Care For" section
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Find and click on the "Beneficiaries" tab
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Input the required information for each individual you wish to designate as a beneficiary.
How to Assign Assets & Percentage Allocations to Beneficiaries
To distribute specific gifts/assets or assign percentage-based shares to your beneficiaries, follow these steps:
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Scroll to the “Execution & Distribution” section
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Click on “Specific Gift” button and select “Add Gift”
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Identify the Asset: Choose the category and the specific asset or gift you wish to distribute
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Click “Next”
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Select the beneficiary (or beneficiaries) from your list and enter the desired Percentage Allocation for each beneficiary under the First Beneficiary section.
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Decide if you would like to add a Secondary Beneficiary
You may choose to add a secondary beneficiary for each specific gift. The secondary beneficiary will receive the gift if all First beneficiary(ies) are deceased or unwilling to accept it.
If no secondary beneficiary is appointed, the gift will instead form part of the residuary estate in the event that the primary beneficiary(ies) cannot receive it.
Frequently Asked Questions
Q: Can I specify different assets to go to different beneficiaries?
A: Yes, in the "specific gift" section, you can designate particular assets to specific beneficiaries.
Q: What happens to assets that are not specifically mentioned?
A: These assets fall under the "residuary estate," and you can specify how this is to be distributed among beneficiaries.
Q: Is there a way to provide for pets in the will?
A: Yes, there is a dedicated "pet guardian" section where you can include information about your client's pets.o