What to do when a Fundrise account holder dies
Contact Fundrise — 5-step process, 5 required documents, and variable; private real estate and venture holdings are illiquid and subject to quarterly redemption windows and redemption-queue waits
11 Dupont Circle NW, 9th Floor, Washington, DC 20036
11 Dupont Circle NW, 9th Floor, Washington, DC 20036
Investor Relations / Estate Claims
11 Dupont Circle NW, 9th Floor, Washington, DC 20036
When an account holder at Fundrise passes away, the next step depends on how the investment accounts were set up. Accounts with beneficiary designations or trust ownership transfer outside of probate. Accounts titled solely in the deceased's name require the estate's legal representative to work with Fundrise's Investor Relations / Estate Claims to access and distribute the funds.
Death claims at Fundrise can be started through an online portal, which streamlines the initial notification and document upload. Phone and mail options are also available.
Death claim process
To file a claim after an account holder's death, here is what Fundrise requires:
Filing a claim
- For accounts with named beneficiaries: beneficiary provides government-issued ID and claim documentation
- For accounts without beneficiaries: executor provides Letters Testamentary or Letters of Administration
- For trust-beneficiary accounts: trustee provides the trust certification or trust agreement excerpt
- IRA accounts: shareholdings are liquidated subject to redemption queues and proceeds sent to Inspira Financial, which settles with the designated beneficiary
- Non-IRA accounts: assets are transferred to the beneficiary or estate, or liquidated through the redemption queue (subject to quarterly liquidity windows and any active redemption limitations)
Required Documents
- Certified death certificate
- Government-issued photo ID for claimant
- Letters Testamentary or Letters of Administration (if no beneficiary designated)
- Trust certification or trust agreement (if trust is beneficiary)
- Completed claim forms as provided by Fundrise
Claims Contact
What to know at this institution
Fundrise investments are non-traded private securities. Redemptions are processed on a quarterly basis and may be paused or limited by the fund — settlement timelines for an estate can be materially longer than for a traditional brokerage account. The NYSE-listed Innovation Fund (VCX) is the one exception: VCX shares can be sold on the open market and settled in standard T+1 timing. IRA death claims are processed through Inspira Financial (the IRA custodian) once Fundrise liquidates the underlying holdings.
How long the process takes at Fundrise: Variable; private real estate and venture holdings are illiquid and subject to quarterly redemption windows and redemption-queue waits. The most common reason for delays is missing or incomplete documentation, so submitting everything upfront is the best way to keep things moving.
Documentation required by Fundrise includes Certified death certificate, Government-issued photo ID for claimant, and Letters Testamentary or Letters of Administration (if no beneficiary designated), along with additional paperwork that varies by account type. All death certificates and court documents must be certified copies.
Frequently asked questions
Fundrise investments are non-traded private real estate and alternative funds. Once the death claim is processed, the only way to convert holdings to cash is the quarterly redemption window, which can be paused or limited by the fund. Estates and beneficiaries should expect settlement timelines measured in months rather than days. The one exception is the NYSE-listed Innovation Fund (VCX), which can be sold on the open market in standard T+1 timing.
No. Fundrise does NOT offer Transfer on Death (TOD) as a separate account registration. On taxable accounts (individual and joint), survivorship is handled through beneficiary designations under Advanced Options in account settings — including the ability to name a trust as beneficiary. To avoid probate exposure on a Fundrise account, name a beneficiary (or open a trust account) — the account will otherwise pass through your estate.
Inspira Financial (formerly Millennium Trust Company) is the directed custodian for all Fundrise IRAs. IRA beneficiary designations are NOT managed through Fundrise account settings — they are handled by Inspira either through Inspira's secure portal or by mailing/faxing the Inspira IRA Beneficiary Designation form to 2001 Spring Road, Suite 700, Oak Brook, IL 60523 (fax (630) 472-5969). On death, Fundrise liquidates the underlying holdings through the redemption queue and Inspira settles with the beneficiary.
Fundrise's Investor Relations / Estate Claims can be reached by email at support@fundrise.com and fax at (630) 472-5969 for questions throughout the claims process.
If the deceased held multiple Fundrise investment accounts, each may require a separate claim or have different documentation requirements. The Investor Relations / Estate Claims can confirm which accounts require individual attention and which can be processed together.
Sources
Data sourced from Fundrise primary sources (16 pages reviewed). How we research.
11 Dupont Circle NW, 9th Floor, Washington, DC 20036
11 Dupont Circle NW, 9th Floor, Washington, DC 20036
Investor Relations / Estate Claims
11 Dupont Circle NW, 9th Floor, Washington, DC 20036
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