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This document is used by active members of the Federated City Employees' Retirement System to designate beneficiaries for their retirement benefits.

How to fill out beneficiary designation

How to fill out BENEFICIARY DESIGNATION

1. Obtain the beneficiary designation form from your financial institution or insurance provider.
2. Fill in your personal information at the top of the form, including your name, address, and account number.
3. Identify the primary beneficiaries you wish to designate, providing their full names, relationship to you, and their social security numbers if required.
4. Specify contingent beneficiaries, who will receive the benefits if the primary beneficiaries are unable to do so.
5. Indicate the percentage of benefits each beneficiary should receive, ensuring the total equals 100%.
6. Review the form for accuracy and completeness.
7. Sign and date the form to validate your selections.
8. Submit the completed form to the relevant institution or company, and keep a copy for your records.

Who needs BENEFICIARY DESIGNATION?

1. Anyone who has a financial account, life insurance policy, or retirement benefits should consider designating beneficiaries.
2. Individuals with dependents or loved ones they wish to provide for after their passing.
3. Estate planners and those who want to ensure a clear allocation of assets for their heirs.

People Also Ask about

What does beneficiary name translate to in English?

Below, we have broken the process down into manageable steps. Step 1: Start with a Proper Salutation. Step 2: Introduce Yourself and Your Relationship to the Deceased. Step 3: Clearly State the Purpose of the Letter. Step 4: Provide Detailed Information about the Inheritance.

What does designation of beneficiary mean?

Important Things to Remember about Designations Only the insured can sign the designation of beneficiary. Your employing office must receive the completed form before you die. Two persons must witness your signature. A witness cannot be someone you are naming on the form as a beneficiary.

What is the designation of a beneficiary?

Meaning of beneficiary in English. a person or group who receives money, advantages, etc. as a result of something else: Her wife was the chief beneficiary of her will.

What must be followed when designating a beneficiary?

Many people choose the following beneficiaries: A spouse or long-term partner. Adult children. Other family members or close friends. A trust - a legal entity that manages an inheritance on behalf of your heirs and pays out the money over time, which might be an option if you want minor children to receive assets.

For pdfFiller’s FAQs

What is BENEFICIARY DESIGNATION?

Beneficiary designation is a legal document that allows an individual to specify who will receive their assets, benefits, or accounts upon their death.

Who is required to file BENEFICIARY DESIGNATION?

Typically, anyone who has assets such as life insurance policies, retirement accounts, or trusts, and wishes to designate a recipient for those assets upon their passing is encouraged to file a beneficiary designation.

How to fill out BENEFICIARY DESIGNATION?

To fill out a beneficiary designation, one must provide personal details, including the names and relationships of the beneficiaries, along with any required signatures or documentation as stipulated by the relevant financial institution or legal entity.

What is the purpose of BENEFICIARY DESIGNATION?

The purpose of beneficiary designation is to ensure that your assets are distributed according to your wishes upon death, avoiding potential delays and complexities in the probate process.

What information must be reported on BENEFICIARY DESIGNATION?

The information typically required includes the name, contact information, relationship of each beneficiary, and percentage of asset allocation, along with any necessary identification or documentation.