Joint/Designated Beneficiary Overview

How do I mark an individual as a joint owner or designated beneficiary? 

Even if you have appointed a joint owner or noted a designated beneficiary in the "Assets" section, you still must drag and drop it in the "Scenarios" section in order for the system to recognize that it will fall outside of the estate.

1. Click the “Joint/Designated Assets” bar to reveal more details.
2. Select “+Add”, then click “Specify beneficiaries” and choose the name of the joint owner/designated beneficiary from the drop down list.
3. Click the green check mark on the right to save your changes.
4. Drag and drop any assets that are joint with or designated to that individual to the "Drop assets here" box.

 Note: If you have assets that are joint with or designated to another individual, click "+Add" to add them and then drag and drop these assets to the "Drop assets here" box under their name.

How do I show an asset is designated to more than one beneficiary?

1. Click the “Specify Beneficiaries” box and select your first beneficiary from the drop down list.
2. Click in the box beside the first beneficiary’s name and select your second beneficiary from the list.
3. Continue to do this until you have specified all beneficiaries and click the green check mark to save.
4. Select the asset that is designated to this group of beneficiaries and drag it to the "Drop assets here" box under their names.

Why won’t the asset save when I drag it over to the joint/designated assets section?

You will need to add a beneficiary before you can drag the asset over to the joint/designated asset section. Unlike the initial gifts section, the joint/designated asset section requires you to add a beneficiary before dragging and dropping the asset in the category.