For an individual, upon death, it would be transferred to the estate/beneficiary along with the other investments that the individual holds. For an individual specifically, we would ask that you notify us, and we would follow the guidelines of the estate. They may not be able to increase their investment should they not be a QP, but they can still hold and would just need to fulfill obligations as it relates to cap calls, etc.
For other entity types, such as a trust or Joint account, we have an Opto form/subdoc that would be required for any other transfers of ownership. Let me know if you have any other questions.