How to Add Beneficiary to Merrill Edge Account

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A crucial step to ensure your assets are passed on to your loved ones in the event of unfortunate events is to add a beneficiary to your Merrill Edge account. This tutorial will provide all the necessary information and direct you through the straightforward process of adding a beneficiary to your Merrill Edge account.

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Understanding the Importance of Beneficiaries

Let’s take time to grasp the relevance of beneficiaries before moving on to the steps. A beneficiary is a person or organization named to inherit your assets, such as money and investments, following your death. You can avoid potential legal difficulties and ensure your assets are dispersed according to your preferences by naming beneficiaries.

Step 1: Logging into Your Merrill Edge Account

Start by entering your login information into your Merrill Edge account. If you don’t already have an account, you may quickly establish one through the website’s registration process.

Step 2: Navigating to Beneficiary Designation

Navigate to the account settings area after logging in. You can generally find the “Beneficiary Designation” option under the “Account Preferences” or “Profile” tab.

Step 3: Providing Beneficiary Information

You must complete the relevant information for your chosen beneficiary in this stage. Included are their entire name, your relationship with them, their date of birth, and their contact details. To prevent any potential problems in the future, ensure you supply accurate and current information.

Step 4: Specifying Percentage Allocation

You can designate the portion of the estate each beneficiary should receive if there are several beneficiaries. The sum of the percentages must equal 100 percent. This phase ensures that your assets are allocated to your selected beneficiaries per your intentions.

Step 5: Reviewing and Confirming

Review all the details you supplied for a moment. Verify the beneficiary information and the distribution percentages a second time. Verify your beneficiary designation after you are confident of the accuracy.

Step 6: Contacting Customer Support

It is advised to contact Merrill Edge’s customer service after finishing the online procedure to ensure your beneficiary designation was handled correctly. This extra step gives you peace of mind and guarantees everything is in order.


Adding a beneficiary to your Merrill Edge account is a prudent and deliberate move that safeguards your assets and guarantees your preferences disperse them. The simple procedure can be completed online, which is convenient for users. By naming beneficiaries, you are taking significant steps to protect your financial legacy and provide for your loved ones.

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Can I change my beneficiary designation later?

Yes, you can check your account settings at any time and make the necessary updates to your beneficiary information.

Can I have multiple beneficiaries?

Absolutely! You can specify how much of the assets each beneficiary should get and multiple beneficiaries.

Is there a limit to the number of beneficiaries I can add?

Although there is no restriction on how many beneficiaries you can add, ensuring that the overall percentage allocation equals 100% is imperative.

What happens if I don’t have a beneficiary designation?

Your assets might proceed through probate without a named beneficiary, and state rules might govern the distribution.

Can I name a charity as my beneficiary?

You can name a nonprofit or charity as your beneficiary to continue supporting a cause after your demise.

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