Close this search box.

How to Set a Beneficiary

Ensuring Your Legacy

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.

Steps to Set a Beneficiary:

1. Create a UPMA Account for the Beneficiary:

  • The person you wish to designate as a beneficiary must have their own UPMA account. If they do not have one, they can create it by visiting the UPMA website and registering. Remember that they need another email address to create and access their account.


2. Log Into Your UPMA Account:

  • Use your credentials to access your account through the UPMA member portal.


3. Navigate to ‘My Profile’:

  • Once logged in, find and click on the ‘My Profile’ section in the dashboard.


4. Go to ‘Relationships’:

  • In the ‘My Profile’ section, look for the ‘Relationships’ tab or link and click on it.


5. Enter Beneficiary Details:

  • Click “Edit Relationships”.  Input the email address associated with the beneficiary’s UPMA account as the username.
  • Specify the relationship by selecting ‘Beneficiary’ from the options provided.


6. Assign Percentage (if applicable):

  • If you’re adding more than one beneficiary, you can specify the percentage of your account that you’d like allocated to each beneficiary.


7. Confirm and Save:

  • Review the information to ensure it’s correct, then save the changes to attach the beneficiary to your account.

Important Tips For Planning Ahead

Multiple Beneficiaries

You can have more than one beneficiary. If you wish to divide your account among multiple beneficiaries, you can specify the percentages for each.


No Fees for Empty Accounts

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.

Clearing Cache and Cookies

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.


Refresh Your Account Page

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.