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Annuity Board of the Southern Baptist Convention Instructions for Beneficiary Designation Form For Church Annuity Plan, Convention Annuity Plan, Voluntary Annuity Plan, Ministers Annuity Plan, Elective

How to fill out 8392 beneficiary designation

How to fill out 8392 beneficiary designation:

1. Begin by obtaining the 8392 beneficiary designation form. This form is typically provided by your insurance company, retirement plan administrator, or estate planning attorney.
2. Start by providing your personal information in the designated sections of the form. This includes your full name, address, social security number, and contact information.
3. Next, carefully review the instructions and guidelines provided on the form. Pay close attention to any specific requirements or restrictions for beneficiary designations.
4. Identify and list the primary beneficiary or beneficiaries for your insurance policy, retirement plan, or other applicable asset. Primary beneficiaries are the first individuals or entities who will receive the designated proceeds upon your passing.
5. Indicate the percentage or specific amount that each primary beneficiary will receive. Ensure that the total distribution adds up to 100% or the full value of the asset being designated.
6. Consider naming contingent or secondary beneficiaries. These individuals or entities will receive the designated proceeds if the primary beneficiaries are unable to do so, typically due to their passing or refusal.
7. Include the necessary information for each contingent beneficiary, similar to what was done for the primary beneficiaries. Ensure that the total distribution among all beneficiaries remains accurate.
8. Review the completed form for accuracy and completeness. Double-check that all names, addresses, and other information are spelled correctly and accurately.
9. Sign and date the form, following the instructions for signature placement and any additional required witness signatures.
10. Make copies of the completed form for your records and submit the original form as instructed by your insurance company, plan administrator, or attorney.

Who needs 8392 beneficiary designation:

1. Individuals with life insurance policies may need to complete an 8392 beneficiary designation. This ensures that the policy proceeds are distributed according to their wishes upon their passing.
2. Those who have retirement accounts, such as 401(k)s or IRAs, may also require an 8392 beneficiary designation. This designates who will receive the remaining funds in the account upon the account holder's death.
3. Estate planning individuals who wish to designate specific beneficiaries for certain assets, such as bank accounts or investment portfolios, may use the 8392 beneficiary designation form to outline their preferences.

Overall, anyone who wants to ensure that their assets or insurance proceeds are distributed according to their wishes should consider completing an 8392 beneficiary designation form. It provides a clear and legally binding method for designating beneficiaries and helps prevent potential disputes or confusion in the future.

For pdfFiller’s FAQs

What is 8392 beneficiary designation?

8392 beneficiary designation is a form used to designate beneficiaries for certain benefits or assets.

Who is required to file 8392 beneficiary designation?

Employees or individuals who are eligible to designate beneficiaries for benefits or assets are required to file Form 8392.

How to fill out 8392 beneficiary designation?

You can fill out Form 8392 by providing your personal information, identifying the beneficiaries, and specifying the benefits or assets being designated.

What is the purpose of 8392 beneficiary designation?

The purpose of Form 8392 is to ensure that beneficiaries are properly designated to receive benefits or assets in the event of the filer's death.

What information must be reported on 8392 beneficiary designation?

You must report your personal information, the beneficiaries' information, and details of the benefits or assets being designated.

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