You’ve diligently built your wealth over the years, but without a designated beneficiary, it could end up tied up in legal processes or distributed in ways you never intended. That’s why it’s crucial to plan ahead. By setting a beneficiary, you’re creating a safety net, ensuring your loved ones are taken care of financially, even when you’re no longer around to do so yourself. Below are the basic steps to ensure your UPMA account assets go exactly where you want, efficiently and without unnecessary complications.
Need click-by-click support? Check out this guide on Adding Relationships to UPMA Accounts.
1. Create a UPMA Account for the Beneficiary:
2. Log Into Your UPMA Account:
3. Navigate to ‘My Profile’:
4. Go to ‘Relationships’:
5. Enter Beneficiary Details:
6. Assign Percentage (if applicable):
7. Confirm and Save:
You can have more than one beneficiary. If you wish to divide your account among multiple beneficiaries, you can specify the percentages for each.
UPMA accounts are only subject to fees if there are metals vaulted in the accounts. Empty beneficiary accounts do not incur fees. However, if they start vaulting metals, then modest fees will be involved.
Before creating any new accounts, make sure you are logged into the Chrome browser and that the cache and cookies are cleared to avoid any technical issues.
After adding a beneficiary, you may want to refresh your account page on the UPMA website or log out and log back in to confirm the changes under the ‘Relationships’ section in your profile.
For added assurance, you can email UPMA at [email protected] with the details of the beneficiary you’ve added. They will confirm once the task is completed. By following the steps above, you should be able to set a beneficiary for your UPMA account successfully. If you encounter any issues or have questions, don’t hesitate to reach out to Alpine Gold for assistance.
Main Office:
333 S Main St Alpine, UT 84004
