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THE TENNESSEE CREDIT UNION BENEFICIARY DESIGNATION Member Name: Account Number: The Member and any other Owner(s) Derby instruct(s) the Tennessee Credit Union to pay any balances remaining in this

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What is beneficiary designation form?

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

Who is required to file beneficiary designation form?

Any individual who wants to determine the distribution of their assets or benefits 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 need to provide your personal information, including your name, address, and contact details. You also need to specify the beneficiaries and their relationship to you. Finally, you must sign and date the form to make it legally binding.

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. It allows you to bypass the probate process and directly assign beneficiaries.

What information must be reported on beneficiary designation form?

The beneficiary designation form requires you to report your personal information, such as your name, address, and contact details. You must also provide the names and relationships of your designated beneficiaries.

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