Charles Schwab has introduced a digital Inheritance Center. The Inheritance Center is an online hub that provides a simple way to manage inheritance tasks, such as opening accounts, submitting forms, and receiving status updates. The hub is now available to current Schwab clients as well as new-to-firm clients who receive an inheritance.

The Inheritance Center offers a seamless, intuitive, self-service experience that reduces time-consuming phone calls and in-person branch visits as well as the need to fax or mail forms and documents. Clients who process an inheritance through the online hub will have the option to work with a dedicated estate professional for guidance. Key features of the Inheritance Center include: Personalized to-do list ?

A dynamic, digital list that is tailored to each inheritor?s specific situation. Inheritors must complete all of the to-do items, which include opening accounts or uploading forms/documents, to receive their inheritance. Real-time status updates ?

Email communications and online notifications that set inheritors? expectations and provide the status of forms, transfers, etc. Digital document upload ?

The ability to quickly upload inheritance forms and documents online instead of sending them by mail or fax. Inheritors can upload forms and documents from their desktop or by taking a photo from their phone or tablet. Helpful resources ?

Contextual FAQs, financial inventory checklists, and information about distribution options to help inheritors with common questions. The Inheritance Center is currently available to almost half of the total inheritor population, which includes individual inheritors who are opening Individual Retirement Accounts and brokerage accounts to receive their assets. The online hub will eventually be available to all inheritors.