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City of Miramar Management Retirement Plan Beneficiary Designation Certificate TO: BOARD OF TRUSTEES I Hereby make the following beneficiary designation for any survivor benefits due under the above

How to fill out beneficiary designation form

How to fill out a beneficiary designation form:

1. Start by obtaining the beneficiary designation form from the relevant financial institution or insurance company. This form is typically required when opening a retirement account, life insurance policy, or other similar financial products.
2. Provide your personal information such as your full name, address, date of birth, and social security number. This information is necessary to correctly identify you as the account or policy owner.
3. Indicate the type of account or policy for which you are designating beneficiaries. This could include a 401(k), an IRA, a life insurance policy, or a pension plan, among others.
4. Clearly list the primary beneficiaries. These are the individuals who will receive the proceeds of the account or policy in the event of your death. Include their full names, relationship to you, and their contact information.
5. If desired, designate contingent beneficiaries. These individuals will receive the proceeds if the primary beneficiaries are unable to do so. Again, provide their full names, relationship to you, and contact information.
6. Specify the percentage or amount of the proceeds that each beneficiary should receive. This can be done by either dividing the proceeds equally among all beneficiaries or by assigning specific percentages or amounts to each.
7. Sign and date the beneficiary designation form. Depending on the requirements of the financial institution or insurance company, you may need to have your signature witnessed or notarized.
8. Finally, submit the completed form to the appropriate entity. Keep a copy of the form for your records.

Who needs a beneficiary designation form:

1. Individuals who have retirement accounts such as a 401(k) or an IRA should complete a beneficiary designation form. These funds can be passed on to a spouse, children, or other loved ones after the account owner's death.
2. Life insurance policyholders are also required to fill out a beneficiary designation form to ensure that their chosen beneficiary receives the policy proceeds upon their passing.
3. People with pension plans or other similar financial products may also need to designate beneficiaries through a form.

It is important for anyone with assets or financial accounts to review and update their beneficiary designation forms periodically, as life circumstances can change.

For pdfFiller’s FAQs

What is beneficiary designation form?

A beneficiary designation form is a legal document that allows an individual to specify who will receive certain assets upon their death.

Who is required to file beneficiary designation form?

Anyone who wants to designate beneficiaries for their assets, such as life insurance policies or retirement accounts, is required to file a beneficiary designation form.

How to fill out beneficiary designation form?

To fill out a beneficiary designation form, one must provide their personal information, the details of the beneficiaries, and specify the percentage of assets each beneficiary will receive.

What is the purpose of beneficiary designation form?

The purpose of a beneficiary designation form is to ensure that a person's assets are distributed according to their wishes upon their death.

What information must be reported on beneficiary designation form?

The beneficiary designation form must include the personal information of the account holder, details of the beneficiaries, and the percentage of assets each beneficiary will receive.

How do I make changes in beneficiary designation form?

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