add a designated beneficiary area for beneficiary information.
Memberships isn't good enough. Adding beneficiaries to individual accounts is too time consuming. What I'm surprised Redtail doesn't offer is a designated area for beneficiary information (like a tab under Know Your Client). For our office, beneficiaries usually are the same across all accounts, minus a couple here and there. It would be nice if we had a specific region that would have the following:
Beneficiary Name
Beneficiary Type (Primary, Contingent, etc)
Relationship
Date of Birth
Social Security Number
Percentage
As well as, a place to add accounts manually AND link accounts, not one or the other. It would be a QUICK and EASY to access area, instead of searching physical files for the information or attempting to add them to each linked account individually (and that's assuming the linked accounts actually are correct and some aren't missing).
Or make it super customizable, where you can even have Beneficiary Groups that can be labelled with account names or the like. Because again, having beneficiaries listed for the individual account is great... but not when the individual account feature isn't often used by an office.
Krystal M San Miguel
shared this idea
Redtail’s Product Owner has read the suggestion and there is some internal discussion needed in order to determine next steps. This suggestion is remaining open and can continue to gather votes and comments!
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Anonymous
commented
I was about to add almost the same exact idea. Most of the time our clients will have the same beneficiaries for their multiple accounts, so having to enter this info in for each account is cumbersome. I was thinking more to have a bene field like the "important info" on the main contact page or something like that. We definitely need to be able to allow listing of multiple beneficiaries. And we need more fields for bene's (as listed above) which should also include the account that bene is linked to.