Get the free Mutual Fund Beneficiary Designation Form - cityofglencoveny

City of Glen Cove Deferred Compensation Plan Mutual Fund Beneficiary Designation Form VALID Retirement Services Company Group ID# 65686001 1. CLIENT INFORMATION Name: Marital Status: SSN or Tax ID:

How to fill out mutual fund beneficiary designation

How to fill out mutual fund beneficiary designation:

1. Obtain the required form: Start by obtaining the mutual fund beneficiary designation form from the investment company managing your mutual fund. This form is typically available on the company's website or can be requested from their customer service department.
2. Provide personal information: Fill in your personal details, including your full name, address, and Social Security number. Ensure that the information is accurate to avoid any discrepancies later on.
3. Specify beneficiary details: Clearly indicate the name, relationship, and contact information of the individual(s) you wish to designate as beneficiaries. It is important to provide accurate and up-to-date contact information to ensure the investment company can reach the designated beneficiaries if necessary.
4. Determine the distribution percentages: If you have multiple beneficiaries, decide on the percentage of the mutual fund's assets that each beneficiary should receive upon your death. This allocation should add up to 100% and can be divided equally or according to your specific wishes.
5. Include contingent beneficiaries: Consider including contingent beneficiaries, who would receive the assets if the primary beneficiaries are unable to do so. It is important to clearly define the contingent beneficiaries' information and the order in which they should receive the assets.
6. Review and sign the form: Once you have completed all the necessary sections, carefully review the form for accuracy and completeness. Ensure that your signature, date, and any other required information are provided before submitting the form to the investment company.

Who needs mutual fund beneficiary designation?

1. Individuals with mutual fund investments: Anyone who holds mutual fund investments should consider designating beneficiaries. This allows for the smooth transfer of assets to the intended individuals upon the investor's death, without the need for a lengthy probate process.
2. Investors with specific distribution wishes: If you have specific wishes regarding how your mutual fund assets should be distributed after your death, having a beneficiary designation in place ensures that your wishes are honored.
3. Individuals with changing life circumstances: Life circumstances can change, such as marriage, divorce, birth of children, or the passing of beneficiaries. Regularly reviewing and updating your mutual fund beneficiary designation is important to ensure that it reflects your current wishes and circumstances.

For pdfFiller’s FAQs

What is mutual fund beneficiary designation?

Mutual fund beneficiary designation is the process of naming an individual or entity to receive the assets of a mutual fund account upon the account holder's death.

Who is required to file mutual fund beneficiary designation?

Any mutual fund account holder is required to designate a beneficiary for their account.

How to fill out mutual fund beneficiary designation?

To fill out a mutual fund beneficiary designation, the account holder must contact their fund company and complete the necessary forms, providing the beneficiary's name, relationship, and contact information.

What is the purpose of mutual fund beneficiary designation?

The purpose of mutual fund beneficiary designation is to ensure that the assets in the mutual fund account will pass to the intended recipient upon the account holder's death.

What information must be reported on mutual fund beneficiary designation?

The mutual fund beneficiary designation form typically requires the beneficiary's full name, relationship to the account holder, date of birth, and contact information.

How can I send mutual fund beneficiary designation for eSignature?

When you're ready to share your mutual fund beneficiary designation, you can send it to other people and get the eSigned document back just as quickly. Share your PDF by email, fax, text message, or USPS mail. You can also notarize your PDF on the web. You don't have to leave your account to do this.

How do I complete mutual fund beneficiary designation on an iOS device?

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How do I fill out mutual fund beneficiary designation on an Android device?

On an Android device, use the pdfFiller mobile app to finish your mutual fund beneficiary designation. The program allows you to execute all necessary document management operations, such as adding, editing, and removing text, signing, annotating, and more. You only need a smartphone and an internet connection.