CX can add the following entity types as a beneficiary on an account
- Individual
- Trust
- Estate
- Business
CX must receive written confirmation from the client with the specific information depending on what type of beneficiary that is being added to the account:
Individual Beneficiary require the following information:
- Account the beneficiary should be added or removed
- Name of the Beneficiary
- Beneficiary Phone Number (Optional)
Trust Beneficiary require the following information:
- Name of the Trust
- Date of Trust Establishment
- Date of Trust Auth/Cert
- Beneficiary Phone Number (Optional)
Estate Beneficiary require the following information:
- Name of the Estate
- Beneficiary Phone Number (Optional)
Business Beneficiary require the following information:
- Name of the Business
- Association or Organization
- Beneficiary Phone Number (Optional)