Get the free Designated Beneficiary Change Form

CARD FRM 01230G 0315-Page 1 of 8 DO NOT STAPLE GIFT College Investing Plan Designated Beneficiary Change Form complete this form if you are transferring to a new Designated Beneficiary all or part

How to fill out designated beneficiary change form

How to fill out a designated beneficiary change form:

1. Obtain the form: The first step is to obtain the designated beneficiary change form from the appropriate source, such as your employer, insurance company, or financial institution. This can usually be done by contacting the relevant department or downloading the form from their website.
2. Read the instructions: Before filling out the form, carefully read the instructions provided. Ensure that you understand the requirements and any specific information that needs to be included.
3. Identify yourself: Begin by providing your personal information, including your name, address, phone number, and any other required contact details. This information will help the company verify your identity and update their records accordingly.
4. Specify the account or policy: Next, clearly identify the account or policy for which you are making the beneficiary change. Provide the necessary details, such as the account or policy number, as well as any other identifying information requested.
5. Remove current beneficiary information: If you wish to remove or change an existing beneficiary, indicate this clearly on the form. Provide the name and relationship of the current beneficiary that you want to remove, along with their contact information if required.
6. Add new beneficiary information: If you are adding a new beneficiary, provide their full name, relationship to you, and relevant contact details. Make sure to include any necessary identifying information, such as their social security number or date of birth if requested.
7. Specify the allocation: If there are multiple beneficiaries, indicate the percentage or specific amount that each beneficiary is entitled to receive. Ensure that the total allocation equals 100% for multiple beneficiaries or the appropriate amount if it's a single beneficiary.
8. Sign and date the form: Once you have completed all the required sections, sign and date the designated beneficiary change form. This signature acts as your confirmation that the information provided is accurate and that you understand the implications of the changes you are making.

Who needs a designated beneficiary change form?

1. Any individual who wants to change the beneficiary designation on their life insurance policy, retirement account, or other financial accounts will need a designated beneficiary change form. This form allows the account or policy owner to specify who should receive the assets or benefits upon their death.
2. Employees who have recently experienced a life event, such as marriage, divorce, or the birth of a child, may need to update their beneficiary designation to reflect their new circumstances.
3. Individuals who have set up a trust and wish to name the trust as their beneficiary may also need to complete a designated beneficiary change form.

Remember to consult with an attorney or financial advisor if you have any questions or concerns about completing the designated beneficiary change form or its implications.

For pdfFiller’s FAQs

How do I modify my designated beneficiary change form in Gmail?

You may use pdfFiller's Gmail add-on to change, fill out, and eSign your designated beneficiary change form as well as other documents directly in your inbox by using the pdfFiller add-on for Gmail. pdfFiller for Gmail may be found on the Google Workspace Marketplace. Use the time you would have spent dealing with your papers and eSignatures for more vital tasks instead.

How do I complete designated beneficiary change form online?

Filling out and eSigning designated beneficiary change form is now simple. The solution allows you to change and reorganize PDF text, add fillable fields, and eSign the document. Start a free trial of pdfFiller, the best document editing solution.

Can I sign the designated beneficiary change form electronically in Chrome?

Yes, you can. With pdfFiller, you not only get a feature-rich PDF editor and fillable form builder but a powerful e-signature solution that you can add directly to your Chrome browser. Using our extension, you can create your legally-binding eSignature by typing, drawing, or capturing a photo of your signature using your webcam. Choose whichever method you prefer and eSign your designated beneficiary change form in minutes.

What is designated beneficiary change form?

The designated beneficiary change form is a document that allows individuals to update the beneficiary of their retirement account.

Who is required to file designated beneficiary change form?

Anyone who has a retirement account and wishes to change the designated beneficiary should file the designated beneficiary change form.

How to fill out designated beneficiary change form?

The designated beneficiary change form typically requires the account holder to provide their personal information, the information of the current beneficiary, and the information of the new beneficiary.

What is the purpose of designated beneficiary change form?

The purpose of the designated beneficiary change form is to ensure that the account holder's wishes regarding the beneficiary of their retirement account are properly recorded and followed.

What information must be reported on designated beneficiary change form?

The designated beneficiary change form usually requires the account holder to provide their name, contact information, social security number, the name and contact information of the current beneficiary, and the name and contact information of the new beneficiary.