This FAQ applies to Flourish Cash.
You can list a Transfer on Death (TOD) beneficiary on an Individual or Joint Flourish Cash account at any time by by following the steps below:
On web
- Log in at flourish.com/login
- Click on the desired account
- Click the Account Details tab
- Scroll down to the Beneficiary Management section and click Update
- Follow the on-screen steps to set or manage your beneficiaries
In the iOS app
- Log in to the Flourish mobile app
- From the home page, tap your Flourish Cash account
- Tap Account Details
- Tap Beneficiary Management
- Follow the steps in the app to add, remove, or update beneficiary information and allocations
There are a few key points to keep in mind:
- You may add, remove or edit the beneficiaries associated with an Individual or Joint account at any time
- You may designate up to 5 beneficiaries per account
- Beneficiaries can be either natural persons or trusts
- If naming a natural person as beneficiary:
- The beneficiary must be a U.S. resident and at least 18 years old
- You will need to provide the name, date of birth, email, and SSN for each beneficiary added
- If naming a trust as beneficiary:
- You will need to provide the Trust Name, Trust Tax ID Number (EIN), and Trust Date of Formation
- If naming a natural person as beneficiary:
- After you enter a beneficiary’s information, you will not be able to edit the beneficiary name or SSN. Instead, you can delete the beneficiary and add a new one with the correct information
- Beneficiary designations are not available for residents of Louisiana
- Beneficiary designations are not applicable for Revocable Trust accounts and Business accounts
*Please note that if you: (i) are married, (ii) reside in or have resided in a community property state (Arizona, California, Idaho, New Mexico, Nevada, Puerto Rico, Texas, Washington or Wisconsin) during the marriage, and (iii) are designating any person other than your spouse as a beneficiary (or changing the percentage of any such designation), you will need to obtain the written consent of your spouse in order for such designation to be effective. If this is the case, please submit the completed Spousal Consent Form provided in the Beneficiary Management page after changing the beneficiary designations online.