Notifying financial institutions after someone has died can be stressful. We understand, so we made it easy to let us know a Schwab client has passed away.
Here are the basic steps to notify us of a death and begin the inheritance process.
Notify us (and anyplace else where the person had an account) as soon as you can. We'll secure their Schwab accounts, and prepare to work with the estate. All you need is their name and Social Security number.
Death certificate verificationYou can also upload the death certificate now if you have it. Once we verify the certificate—typically within 5 business days—the inheritance process begins. We'll reach out to the inheritors and estate professionals associated with the account, as appropriate, to move forward.
Asset transferThe time it will take depends on the circumstances and how quickly inheritors complete the paperwork. Most transfers are completed in a few weeks.
You might find these checklists helpful. Action plan checklist (PDF) – A practical list of things to do, people you'll need to contact, and items to check. Financial inventory checklist (PDF) – A comprehensive list of documents you might need.
You can call us Schwab Estate ServicesThe information provided here is for general informational purposes only and should not be considered an individualized recommendation, personalized investment advice, or specific tax or legal advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, estate planning attorney, or investment manager.
Investment and Insurance Products Are: Not FDIC Insured • Not Insured by Any Federal Government Agency • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or any of its Affiliates • Subject to Investment Risks, Including Possible Loss of Principal Amount Invested
The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co. Inc. (Member SIPC), and its affiliates offer investment services and products. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. This site is designed for U.S. residents. Non-U.S. residents are subject to country-specific restrictions. Learn more about our services for non-U.S. residents, Charles Schwab Hong Kong clients, Charles Schwab U.K. clients.
© 2024 Charles Schwab & Co., Inc. All rights reserved. Member SIPC . Unauthorized access is prohibited. Usage will be monitored.