Get the free Beneficiary designation form - Voya Enroll

BENEFICIARY DESIGNATION FORM Request Type Initial Designation Change to Designation Participant Information Name (first, middle initial, last) Social Security Number Married Single Notice and Waiver

How to fill out beneficiary designation form

How to fill out beneficiary designation form:

1. Obtain the appropriate form: Contact the relevant institution or organization to obtain the beneficiary designation form. This could be an insurance company, retirement plan administrator, or financial institution.
2. Provide personal information: Fill out your personal information accurately, including your full name, date of birth, social security number, and contact details. This ensures that the beneficiary designation is correctly associated with your account or policy.
3. Specify beneficiaries: Clearly indicate the names and relationships of the beneficiaries you wish to designate. Include their full names, dates of birth, and relationship to you. You may have primary beneficiaries and contingent beneficiaries, each with designated percentages or shares.
4. Determine the distribution method: Specify how you want the assets or policies to be distributed among the beneficiaries. Indicate whether it should be divided equally among all beneficiaries or allocated according to specific percentages.
5. Consider special circumstances: If you have specific instructions or conditions for the distribution of your assets, mention them in the form. This could involve specific instructions for minor beneficiaries, charitable organizations, or trusts.
6. Sign and date the form: Ensure that you sign and date the beneficiary designation form in the presence of witnesses or a notary, if required. This validates your intention and helps prevent any disputes or challenges in the future.

Who needs beneficiary designation form:

1. Individuals with life insurance policies: Life insurance policies often require the policyholder to designate beneficiaries who will receive the proceeds upon their death. This ensures that the funds are distributed according to the policyholder's wishes.
2. Retirement plan participants: Individuals with retirement accounts such as a 401(k), 403(b), or IRA need to designate beneficiaries who will receive the remaining account balance upon their death. This ensures that the account passes to the intended beneficiaries without going through probate.
3. Owners of financial accounts: Some financial institutions require account owners to designate beneficiaries for their accounts. This applies to bank accounts, investment accounts, and brokerage accounts. Designating beneficiaries helps streamline the transfer of assets upon the account owner's death.

Remember, it is important to regularly review and update your beneficiary designation forms to reflect any changes in your circumstances, such as births, deaths, marriages, or divorce.

For pdfFiller’s FAQs

What is beneficiary designation form?

The beneficiary designation form is a legal document that allows you to specify who will receive your assets or benefits after your death.

Who is required to file beneficiary designation form?

Anyone who has assets or benefits that they want to designate to specific individuals or entities after their death is required to file a beneficiary designation form.

How to fill out beneficiary designation form?

To fill out a beneficiary designation form, you usually need to provide the name and contact information of the beneficiary, their relationship to you, and the percentage of assets or benefits they will receive.

What is the purpose of beneficiary designation form?

The purpose of a beneficiary designation form is to ensure that your assets or benefits are distributed according to your wishes after your death.

What information must be reported on beneficiary designation form?

The information that must be reported on a beneficiary designation form typically includes the name of the beneficiary, their relationship to you, and the percentage of assets or benefits they will receive.

How can I send beneficiary designation form to be eSigned by others?

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How do I edit beneficiary designation form online?

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