Get the free Beneficiary Designation Form - Cascade Pension Trust

CASCADE PENSION TRUST BENEFICIARY DESIGNATION 1220 S.W. Morrison Street, Suite 300 Portland, OR 97205-2222 503-224-0048 or outside Portland: 1-800-547-4457 PARTICIPANT S NAME (Please Print) Date of

How to fill out beneficiary designation form

How to fill out a beneficiary designation form?

1. Start by obtaining the form: Contact your insurance company, retirement account provider, or any other relevant institution to request a beneficiary designation form.
2. Provide your personal information: Fill out the required fields with your full name, address, contact information, social security number, and any other requested details.
3. Specify your beneficiaries: Indicate the individuals or organizations you want to designate as beneficiaries. Include their full names, contact information, and their relationship to you (e.g., spouse, child, sibling).
4. Define the percentage or amount: Specify the percentage or specific dollar amount you want to allocate to each beneficiary. Ensure that the total adds up to 100% or to the entirety of the asset, depending on the instructions provided.
5. Choose contingent beneficiaries: If desired, you can also name contingent beneficiaries who would inherit the assets if the primary beneficiaries are unable to. Include their information in the appropriate section of the form.
6. Consider special circumstances: If you have specific instructions or conditions regarding how the assets should be distributed, such as separate trusts for different beneficiaries, make sure to include these details in the form.
7. Review and sign the form: Thoroughly review the completed form to ensure accuracy. Once you are satisfied, sign and date the form according to the provided instructions.

Who needs a beneficiary designation form?

1. Life insurance policyholders: Individuals who have life insurance policies may need to fill out a beneficiary designation form to specify who will receive the death benefit upon their passing.
2. Retirement account holders: If you have a 401(k), IRA, or any other retirement account, you will likely need to complete a beneficiary designation form. This ensures that the assets in your retirement account are distributed according to your wishes after your death.
3. Investment account owners: Some investment firms require their clients to complete a beneficiary designation form to determine who will inherit the investments held in the account.
4. Estate planners: Individuals engaged in the process of estate planning may need beneficiary designation forms to assign beneficiaries to various assets and properties.

It is important to consult with legal or financial professionals to ensure that you correctly fill out a beneficiary designation form and that it aligns with your overall estate planning goals.

For pdfFiller’s FAQs

What is beneficiary designation form?

Beneficiary designation form is a form used to designate who will receive the assets from a retirement account or life insurance policy upon the account holder's or policyholder's death.

Who is required to file beneficiary designation form?

Those who have a retirement account or life insurance policy with designated beneficiaries are required to file beneficiary designation form.

How to fill out beneficiary designation form?

Beneficiary designation forms can typically be filled out online or by contacting the financial institution that holds the account. The form will require the beneficiary's name, relationship to the account holder, and contact information.

What is the purpose of beneficiary designation form?

The purpose of beneficiary designation form is to ensure that the assets from a retirement account or life insurance policy are distributed according to the account holder's or policyholder's wishes.

What information must be reported on beneficiary designation form?

On beneficiary designation form, you must report the beneficiary's name, relationship to the account holder, and contact information.

How can I get beneficiary designation form?

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