Estates and modifying beneficiaries

Assets are transferred to the beneficiary IRA account(s) designated in writing to Webull by the IRA owner before their death. If no beneficiary designations were provided, the surviving spouse will be considered the beneficiary. If there is no surviving spouse, the estate will be designated as the beneficiary.

Modifying beneficiaries

Beneficiary designations are only available for Webull IRAs. If the owner of a Webull individual brokerage account passes away, the assets will be processed through their estate. You can designate or update your primary and contingent beneficiaries either through the Webull mobile app or on our website, either during the IRA application process or after your IRA is opened. Please use the following instructions on the Webull mobile app and website to manage beneficiaries:

App:

1. Navigate to Menu.
2. Under Shortcuts, tap More.
3. Within the Account section, select Manage Account.
4. Swipe down to your desired IRA and tap Beneficiary Information.