How do I designate a beneficiary on my account?
Looking to add a beneficiary to your soundmoney® account? Follow these simple steps and you’ll be covered in 5 minutes or less!
Navigate to the Settings tab in your soundmoney account. Select "Beneficiaries" from the menu. Enter the name of your primary beneficiary or trust company. You may add more than one person/company if needed.
Add their birthdate, or in the case of a trust company, enter the date of trust (i.e. the date the trust document was signed and dated.) It is easiest to do this by applying the YEAR first, then the month and day, because the system will clear your month and day when you apply the year last.
Add the percentage of value you’d like to assign your beneficiary(s). NOTE: The accumulative percentage, if there is more than one primary beneficiary or trust company you are assigning, MUST total 100%, and cannot be divided by decimal values. If it does not, the system will not allow you to proceed until the totality of your percentages equals 100%. (Ex: If you have three kids you’d like to split your asset value between, you cannot assign them each 33.33%, because the total will not equal 100 but 99.999%, and decimals are not allowed by the system. Instead, pick your favorite kid and assign them 34% and the other two 33%.)
Apply your added info and you’re good to go!
If you would like to assign secondary beneficiaries, click on the green "Add beneficiary" link again. Follow steps 1-4 above.
Enjoy the peace of mind that comes with knowing that your precious sound money will go to your precious family/friends.]
Navigate to the Settings tab in your soundmoney account. Select "Beneficiaries" from the menu. Enter the name of your primary beneficiary or trust company. You may add more than one person/company if needed.
Add their birthdate, or in the case of a trust company, enter the date of trust (i.e. the date the trust document was signed and dated.) It is easiest to do this by applying the YEAR first, then the month and day, because the system will clear your month and day when you apply the year last.
Add the percentage of value you’d like to assign your beneficiary(s). NOTE: The accumulative percentage, if there is more than one primary beneficiary or trust company you are assigning, MUST total 100%, and cannot be divided by decimal values. If it does not, the system will not allow you to proceed until the totality of your percentages equals 100%. (Ex: If you have three kids you’d like to split your asset value between, you cannot assign them each 33.33%, because the total will not equal 100 but 99.999%, and decimals are not allowed by the system. Instead, pick your favorite kid and assign them 34% and the other two 33%.)
Apply your added info and you’re good to go!
If you would like to assign secondary beneficiaries, click on the green "Add beneficiary" link again. Follow steps 1-4 above.
Enjoy the peace of mind that comes with knowing that your precious sound money will go to your precious family/friends.]
Updated on: 08/11/2023
Thank you!