How to designate beneficiaries at Webull

TOD beneficiaries can be designated for Individual Cash and Margin accounts.¹

Beneficiaries can be designated for IRAs.¹

Beneficiaries must be legal adults (18 or older) with a valid U.S. address and a Tax Identification Number.¹

A minor cannot be named; beneficiaries must be legal adults (18 or older).¹

Because beneficiaries must be legal adults (18 or older), a trust cannot be named as a Webull beneficiary.¹

Up to six primary and six contingent beneficiaries can be named. Share totals must equal 100%; fractional percentages or dollar amounts are not accepted.^{1, 2}

The spouse's approval is required if the spouse or the account owner lives in a community property or marital property state and the spouse is not named as the sole primary beneficiary.²

Available to download.²

Each TOD form is subject to review and acceptance by Webull. No TOD designation is effective until the form and any additional requested documentation has been received and accepted.²

Marriage, remarriage, dissolution of remarriage or adoption does not automatically add or revoke a designation. A new TOD form must be submitted.²

Webull names Louisiana as an ineligible region for TOD designations.¹

Webull names Puerto Rico as an ineligible region for TOD designations.¹

Webull lists Individual (Cash or Margin), IRA, Futures, Advisor, Entity, Joint, Event, Custodial (UTMA/UGMA) and Crypto accounts. A trust account is not among them.³

Webull does not accept wires from trust accounts, and a joint account cannot link a bank account in a trust name.⁴

Entity accounts are limited to LLCs, C-Corporations and S-Corporations.⁵