What happens to your MoneyLion accounts when you die
No beneficiary or trust option on any account, so they pass through the estate
MoneyLion has changed ownershipAcquired, effective April 2025
Acquired by Gen Digital Inc. (NASDAQ: GEN) on April 17, 2025 for $82.00 per share in cash, a transaction value of approximately $1 billion, plus one contingent value right per share. MoneyLion stock (NYSE: ML) was delisted and investors.moneylion.com now resolves to gendigital.com. The close date is confirmed by Gen's own April 17, 2025 investor release and, independently, by ML Wealth LLC's Form ADV Part 2A dated March 30, 2026, which states that "On April 17, 2025, with the closing of Transaction, Gen Digital became the direct owner of 100% of the equity of MoneyLion." MoneyLion continues to operate under its own brand as a Gen Digital subsidiary: Instacash, Credit Builder Plus, MoneyLion Split, MoneyLion Crypto, Managed and Active Investing, and the deposit account (marketed as MoneyLion Spend, still RoarMoney in the agreement) all remain active, and Gen has begun bundling its own LifeLock identity protection into MoneyLion memberships. No successor institution record — Gen Digital is a parent, not a rebrand.
MoneyLion does not currently support beneficiary designations, transfer-on-death registrations, or trust account titling on any account type. All MoneyLion accounts pass through the estate at death and may require probate.
When an account holder dies, the executor or administrator will need to contact MoneyLion with a death certificate and legal authority documents to claim account balances. The process and required documents are covered on the death claim page.
No beneficiary form at MoneyLion
MoneyLion does not currently support beneficiary designations (POD or TOD) on any account type. All accounts transfer through the estate at death and may require probate.
Why trust accounts are not available
MoneyLion does not support retitling accounts into a trust, naming a trust as beneficiary, or any other probate-avoidance mechanism. Account balances transfer through the estate at death.
MoneyLion Spend (RoarMoney) Demand Deposit Account
MoneyLion Managed Investing Account
MoneyLion Active Investing Account
Self-directed stock and ETF account with zero commission fees and no monthly account fee, offered alongside Managed Investing (WOW membership markets it as a member benefit, and the investing page now invites any customer to open one). Same custody chain as the managed account: non-discretionary advisory by ML Wealth LLC, clearing and custody at DriveWealth, LLC. No TOD beneficiary designation and no trust titling are offered, so positions held here are estate assets that require probate documentation, or a small estate affidavit, to release. An executor should request the DriveWealth statement covering the date of death, which is what establishes the stepped-up cost basis.
MoneyLion Crypto (Zero Hash account)
What MoneyLion says about beneficiaries and trusts
Each section is MoneyLion's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary4
- Payable-on-death account
The deposit account cannot carry a payable on death or in trust for designation. The agreement states the account "cannot be owned or titled jointly, by an organization, as 'Payable on Death' or 'In Trust For'."1
- Joint account with survivorship
The deposit account has no joint ownership and no right of survivorship: "The Account may only be owned and titled in the name of one individual."1
- Investment account
The Managed Investing and Active Investing accounts take no transfer on death beneficiary designation.2
- Crypto account
The crypto balance is held in a Zero Hash account, not at MoneyLion or Pathward, and takes no beneficiary designation through the MoneyLion app.3
Who can be named1
Which accounts a trust can hold2
What MoneyLion says about trust accounts1
- Whether a new account is opened
The deposit agreement states "The Account may only be owned and titled in the name of one individual" and "Account ownership is nontransferable," so an existing account cannot be re-registered to a trustee.1
Accounts handled elsewhere3
Not in MoneyLion's published guidance10
- What the owner provides to name a beneficiary
- A beneficiary designation form
- An online way to name a beneficiary
- Help-center article on beneficiaries
- Terms in its agreements for a beneficiary designation, for investment accounts
- A trust account form
- Which trust documents it accepts
- Exception process for trust titling
- Trust department
- Terms in its agreements for a trust account, for investment accounts
Sources3
- 1.Demand Deposit Account Agreement
- 2.ML Wealth LLC Form ADV Part 2A, March 30, 2026
- 3.MoneyLion help center
Sources
Show 2 more sourcesShow fewer sources
Data sourced from MoneyLion primary sources (21 pages reviewed). How we research.
Download these MoneyLion instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against MoneyLion primary sources. Bring it to the branch or keep it beside the phone.
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