The entire M1 team extends our sincere condolences during this difficult time. We’re here to guide you through the next steps in managing the brokerage account of a deceased loved one.
Initial steps
You do not need all the required documents before contacting us. When you feel ready:
Contact M1 Client Success using Messenger to notify us of the account owner’s passing.
Please provide the email address associated with the M1 account so we can quickly locate and assist with the account.
Documents required
To begin the process, you will typically need:
Official death certificate of the account holder
Court-issued documents showing authority to act on behalf of the estate (such as Letters of Administration, Letters Testamentary, or Court Letter of Appointment)
Most accounts only require these documents. If additional paperwork is necessary, we will notify you directly.
Frequently asked questions
What if I am named as a Transfer on Death (TOD) beneficiary?
If you are a TOD beneficiary on the account, only the death certificate is required to transfer the account into your name. Please notify us, and we’ll verify your designation and provide next steps.
What happens if the account holder had a margin loan?
Any outstanding margin loan must be repaid upon receipt of the death certificate. Margin balances can’t be transferred, so M1 will automatically sell the most overweight Slices within the account.
What if the account was a Joint Brokerage Account?
Ownership passes to the surviving account holder. No additional steps are necessary, but we may need to update documentation.
How long does the process take?
The account transfer process usually takes 2–5 weeks once we have received the required documentation.
How can I get tax documents for the deceased's account(s)?
When it’s time to file taxes, contact M1 Client Success. We’ll assist you in retrieving the necessary tax documents for the account.
If you need further assistance, don’t hesitate to contact us. We’re here to help during this challenging time.
This content was generated using artificial intelligence and is intended for informational and educational purposes only. While reasonable efforts are made to ensure accuracy, AI-generated outputs may omit key context; and should not be construed as financial, investment, legal, or tax advice. Users should independently verify all information and consult a qualified professional before making any financial decisions.
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