How to name beneficiaries and fund a trust at Robinhood

Transfer on death registration attaches only to a non-retirement individual brokerage account, not to joint, custodial, trust, crypto or futures holdings.¹

Options contracts cannot be split. With more than one beneficiary, open options positions may be closed before proceeds transfer.²

With no designation, brokerage assets may go to probate court or a probate alternative.²

A joint account cannot carry a transfer on death registration.¹

A custodial account cannot carry a transfer on death registration.¹

A trust account cannot carry a transfer on death registration.¹

Crypto and futures are not covered by beneficiary designations and pass as part of the estate.²

IRA beneficiaries are designated separately from brokerage transfer on death beneficiaries.²

With no designation, an IRA passes to the surviving spouse, or to the estate if there is none.²

A person named as beneficiary must be at least 18 years old, a US citizen, or otherwise legally permitted to open a Robinhood account.²

A trust may be named as beneficiary on an individual brokerage account.²

A trust may be named as beneficiary on an IRA.²

A trust cannot be named as beneficiary on a joint account.²

An estate cannot be named as beneficiary.²

A charitable organization cannot be named as beneficiary.²

Primary and contingent beneficiaries can be named, up to 10 contingent beneficiaries per account. Contingent beneficiaries inherit only if no primary beneficiary can receive the assets.²

Allocations can be custom whole percentages totaling 100% within each tier, or split equally. Where an even split is not possible, the most recently added beneficiary receives the extra 1% (for example 34%, 33%, 33%).²

Up to 10 beneficiaries can be named per IRA.²

The account owner must identify each beneficiary in-app.¹

If you are married and live or have lived in a community property state (Alaska where spouses opt in, Arizona, California, Idaho, Nevada, New Mexico, Texas, Washington and Wisconsin), consent from your spouse or domestic partner is required before naming another individual.²

Completed by the account owner, accepted in-app. Available to download.¹

Changes and revocations are made in-app.¹

Robinhood does not tell beneficiaries they have been added or removed. It contacts a beneficiary only in the event of a transfer on death.²

A beneficiary who is a minor at the owner's death is treated as having predeceased the owner.²

A disclaiming beneficiary is treated as having predeceased the owner.²

Successor beneficiaries cannot be named, and per stirpes distributions are not permitted.²

Transfer on death registration is not available to Louisiana residents. A registration is void if the owner resides in Louisiana at death, and the assets are then paid to the estate.¹

Robinhood supports revocable living trusts only. Irrevocable trusts and corporate (entity) trustees are not supported.³

IRA assets cannot be moved into a trust account.³

A trust account can have up to 5 trustees in total, including the grantor. All trustees have equal operational access.³

Only the primary grantor can add or remove trustees after the account is created. The primary grantor receives all statements and tax documents.³

Successor trustees and beneficiaries are not added while the trust is revocable.³

Applications are reviewed by Robinhood, and some with clear, digitally readable documents may be approved automatically.³

A rejected application can be fixed by uploading a corrected document through a support case or by starting a new application.³