Adding a new beneficiary
To access the beneficiaries tab, navigate to the Contacts section in the left hand menu. Click on the beneficiary tab at the top left of the screen:
Within the beneficiary screen, the user can add a beneficiary by clicking on "Add New".
Interest: confirm whether it is a vested indefeasibly, contingent or future interest
Entitlement: confirm whether it is a capital, revenue or both capital and revenue entitlement
Enter the following information:
- Full name
- Name they were referred to as in the trust deed (optional; you can leave this field blank if their current legal name is used in the trust deed)
- If they are able to encroach on the capital
- Relation to settlor
- Email, phone and mailing address
Editing an existing beneficiary
Once a record has been added, the user can navigate to the three-dot menu to edit or remove an existing beneficiary.
The user also has the ability to make a beneficiary into a trustee. This will copy the beneficiary's record to the Trustee's section.