How to designate beneficiaries at Lively

An HSA cannot be retitled into a revocable living trust and stays in the accountholder's own name. The only way a trust connects to a Lively HSA is as a named beneficiary.¹

There is no separate trust-certification form to mail, because the HSA itself is never retitled.¹

A trust can be named as primary or contingent beneficiary. Lively requires the trust's TIN, or the grantor's Social Security Number where a living trust uses that instead; the dashboard will not record a trust beneficiary without one.¹

Lively's published guidance covers both revocable and irrevocable trusts as HSA beneficiaries.²

A testamentary trust created under a will can be named as beneficiary by the trust's legal name.²

Both primary and contingent (secondary) beneficiaries can be named in the Lively dashboard.¹

Lively's guidance notes that to name someone other than a spouse as beneficiary, some states require the spouse's written approval.²

The beneficiary designation on file controls who receives the HSA and overrides instructions in a will.¹