What to do when a Webull account holder dies
After an account holder at Webull dies, accounts with beneficiary designations or trust ownership transfer to the designated recipients without probate. Solely-owned accounts require the estate's representative to contact Webull with the proper legal authority documents.
To start a claim, contact Webull by phone or email documentation to support@webull.com. You will need the account holder's full name, account numbers, and the death certificate.
Death claim process
Here is the step-by-step death claim process at Webull:
Filing a claim
- Provide the death certificate, an estate letter or small estate affidavit, and ID of the executor or administrator of the estate.
- The process involves providing legal documentation and completing transfer forms to claim the assets.
- Provide a Letter of Authorization, identification from all beneficiaries, and a copy of the account holder's death certificate.
- After the documents are verified, each beneficiary opens a Webull account to receive the transferred assets.
Required Documents
- Death certificateBeneficiaries provide a copy of the account holder's death certificate.
- Estate letter or small estate affidavit, for the estate process, on an account without a TOD beneficiary
- ID of the executor or administrator of the estate, for the estate process, on an account without a TOD beneficiary
- Letter of Authorization, for a claim by designated beneficiaries
- Identification from all beneficiaries, for a claim by designated beneficiaries
What happens to each kind of account4
- Account in one name
An account without a TOD beneficiary goes through the estate process, which involves providing legal documentation and completing transfer forms to claim the assets.1
- Payable-on-death account
Beneficiaries must open their own Webull account to receive the transferred assets.2
- IRA
IRA assets are transferred to the beneficiary IRA accounts designated by the owner. With no designation, the surviving spouse is the beneficiary, and with no surviving spouse, the estate.2, 3
- Custodial account (UTMA/UGMA)
When the custodian of a custodial (UTMA) account dies, ownership may be transferred to a successor custodian through a request that includes a copy of the original custodian's death certificate.4
Several weeks, depending on how quickly the executor gathers and finalizes the paperwork.
Webull can be reached by email at support@webull.com for questions throughout the claims process.
Sources
Data sourced from Webull primary sources (17 pages reviewed). How we research.
Webull death claims support
Website
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