How do I create a beneficiary plan?
River allows you to name individuals, trusts, or organizations as beneficiaries on your accounts. Designating an account beneficiary or beneficiaries establishes a transfer on death (TOD) registration for your account. You can create a unique plan for every River account you own. This plan can removed at any time.
Step 1: Go to "Profile & Settings"
To add a beneficiary, log in to your River account and navigate to the "Profile & Settings" page. This can be accessed in the bottom left corner of your River homepage.
Step 2: Access Beneficiaries page
From your "Profile & Settings" page, scroll down to the Wallet section and select "Beneficiaries".
Step 3: Click "Start Plan"
Click "Start Plan" to get started on your beneficiary plan.
Step 4: Add beneficiary
Click the “Add a beneficiary” button.
Step 5: Select beneficiary type
Select the type of beneficiary you would like to add.
Step 6: Enter details
Fill out the beneficiary’s details and hit “Save.”
Step 7: Select allocation
Once a beneficiary has been added, you can add more beneficiaries and select the allocation of your choice. Once you are satisfied, hit “Review plan.”
Step 8: Review and authorize plan
You will now have a chance to review your newly created beneficiary plan. If everything looks good, you can continue by clicking “Authorize plan.” This will redirect you to DocuSign, where you’ll need to sign your beneficiary plan.
Step 9: Indicate marital status
In some cases, you may be asked about your marital status before you are redirected to DocuSign. Spousal consent is required if all of the following are true:
You are married
You live in one of the following states:
Arizona
California
Idaho
Louisiana
Nevada
New Mexico
Texas
Washington
Wisconsin
The beneficiary plan does not allocate 100% of the assets to your spouse.
Step 10: Plan processing
Once you’ve signed your beneficiary plan in DocuSign, we will begin to process your plan. If spousal consent is required your plan will not be authorized until they have signed as well.
Step 11: Plan authorized!
Once your plan has been authorized you will see the below screen and receive a confirmation email. You can also view your plan status by visiting your “Beneficiaries” page or the “Beneficiaries” tab within the account your plan is attached to.
If you would like a copy of your created beneficiary plan, you can contact Client Services.