Investing

How do I add my parents as a beneficiary in IB?

  • Last Updated:
  • Aug 11th, 2021 10:46 pm
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[OP]
Deal Addict
Aug 8, 2010
1000 posts
327 upvotes

How do I add my parents as a beneficiary in IB?

so I am registering and a beneficiary must be named.
The relationship option only has spouse, common law and child and grandchild.
so I am single and want to name one of my parents. but there is no choice for me to choose from

what the hell! :(
Last edited by MrDisco on Aug 11th, 2021 4:52 pm, edited 2 times in total.
Reason: edited title
5 replies
Sr. Member
May 5, 2016
530 posts
541 upvotes
1000islands wrote: so I am registering and a beneficiary must be named.
The relationship option only has spouse, common law and child and grandchild.
so I am single and want to name one of my parents. but there is no choice for me to choose from

what the hell! :(
I had this exact problem lol and spent a decent amount of time arguing with IBKr on this, their system is bullshit basically. So what you have to do is designate an estate as your beneficiary and then you can change the beneficiary later after you open your account
Deal Addict
Jan 19, 2018
1324 posts
841 upvotes
I believe it defaults to estate, so you can just leave it and change it after the account is open.
[OP]
Deal Addict
Aug 8, 2010
1000 posts
327 upvotes
azorahai wrote: I had this exact problem lol and spent a decent amount of time arguing with IBKr on this, their system is bullshit basically. So what you have to do is designate an estate as your beneficiary and then you can change the beneficiary later after you open your account
Glad I am not the only one! I finally tried the estate tab and it works. so not intuitive though

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