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IRA DESIGNATION OF BENEFICIARY. RETIRED N1012 (10/2012). PAGE 1 OF 2. Branch No. Account No. FA/PWA #. For Internal Use Only. IRA Designation ...
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IRA designation is a form used to designate beneficiaries for an individual retirement account (IRA).
Anyone who owns an IRA and wants to designate beneficiaries for their account is required to file an IRA designation form.
To fill out an IRA designation form, you need to provide your personal information, the information of your chosen beneficiaries, and specify the percentage of the account each beneficiary will receive.
The purpose of an IRA designation is to ensure that your assets are distributed according to your wishes upon your death.
On an IRA designation form, you must report your personal details, the details of your beneficiaries, and the percentage of the account each beneficiary will receive.
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