Estate planning at Greenlight
How to protect 5 Greenlight accounts — manage beneficiaries by phone, and file death claims
Greenlight Customer Support
Greenlight Financial Technology, Inc., 303 Peachtree Street NE, Suite 4300, Atlanta, GA 30308
Greenlight Customer Support
Greenlight Financial Technology, Inc., 303 Peachtree Street NE, Suite 4300, Atlanta, GA 30308
Cardholder Services (general support — Greenlight has no dedicated claims department)
Greenlight, Cardholder Services, 303 Peachtree Street NE, Suite 4300, Atlanta, GA 30308 (address published in the Cardholder Agreement; app-only, so there is no branch, claims portal, or claim form)
Greenlight offers 5 consumer investment accounts that interact with estate planning in distinct ways. Understanding the transfer methods available for each account type helps families keep assets out of probate and ensure they pass to the right people.
Beneficiary changes at Greenlight can be made by phone. Accounts can also be retitled into a trust to keep them out of probate entirely.
Greenlight has documented procedures for both preparing accounts during your lifetime and handling claims when an account holder passes away.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries by phone, and review 5 account types at Greenlight.
View details →When someone dies
Death claim process
6-step process, 6 required documents, and contact information for survivors.
View details →Frequently asked questions
It is yours. The Greenlight Advisors Terms of Service state that "the Primary Accountholder (and not the Secondary Cardholder or child) will be the owner of the brokerage account established with Alpaca." The app tracks a separate portfolio for each child and asks you to approve each trade, but the account is a standard brokerage account in your name — not a UGMA/UTMA custodial account and not a 529. Nothing transfers to your child at the age of majority. For estate purposes it is your asset: if you die, the portfolio is liquidated and the proceeds go to your estate, and your will (or your state's intestacy law) decides who gets them. If you want the money legally owned by the child, open a UGMA/UTMA custodial account at a brokerage that offers one.
Sources
Data sourced from Greenlight primary sources (15 pages reviewed). How we research.
Greenlight Customer Support
Greenlight Financial Technology, Inc., 303 Peachtree Street NE, Suite 4300, Atlanta, GA 30308
Greenlight Customer Support
Greenlight Financial Technology, Inc., 303 Peachtree Street NE, Suite 4300, Atlanta, GA 30308
Cardholder Services (general support — Greenlight has no dedicated claims department)
Greenlight, Cardholder Services, 303 Peachtree Street NE, Suite 4300, Atlanta, GA 30308 (address published in the Cardholder Agreement; app-only, so there is no branch, claims portal, or claim form)
Estate planning articles
Learn how to protect your Greenlight accounts and other assets with trusts, beneficiary designations, and estate planning documents.
