Get the free BENEFICIARY DESIGNATION FORM - The Royce Funds

Individual Retirement Account BENEFICIARY DESIGNATION FORM For assistance, call Shareholder Services (800) 841-1180 This form should be used to designate or change beneficiaries on an existing retirement

How to fill out beneficiary designation form

How to fill out a beneficiary designation form:

1. Begin by obtaining the beneficiary designation form from the relevant institution or organization. This form may be provided by employers, insurance companies, retirement account custodians, or financial institutions.
2. Carefully read through the instructions provided with the form. These instructions will help you understand the purpose of the form and how to properly complete it.
3. Fill in your personal information as the account holder or policy owner. This includes your full name, date of birth, social security number or other identifying information.
4. Identify the type of account or policy for which you're designating a beneficiary. This may include retirement accounts such as 401(k)s or IRAs, life insurance policies, investment accounts, or other assets.
5. Provide the name and contact information of the beneficiary or beneficiaries. Be sure to include their full legal name, relationship to you (such as spouse, child, or friend), and their contact details, such as address and phone number.
6. Specify the percentage or amount of the assets or benefits you wish to allocate to each beneficiary. This can typically be done by entering the appropriate percentages or dollar amounts next to each beneficiary's name. Ensure that the total allocation adds up to 100% or the designated account value.
7. Review the form to ensure all information is accurate and complete. Double-check spellings, addresses, and any other details provided. If necessary, consult with a financial advisor or legal professional to ensure the form is appropriately completed.

Who needs a beneficiary designation form:

1. Individuals with retirement accounts, such as 401(k)s or IRAs, need beneficiary designation forms. These forms allow account holders to designate who will receive the account's funds after their passing.
2. Life insurance policyholders also require beneficiary designation forms. These forms determine who will receive the insurance benefits upon the policyholder's death.
3. Individuals with investment accounts or other assets that allow for beneficiary designations may also need to complete these forms. This ensures that their desired beneficiaries are appointed to inherit or receive the assets upon their death.

It is crucial to understand that the necessity of beneficiary designation forms may vary depending on personal circumstances and the specific types of accounts or policies held. It's advisable to consult with a financial advisor or attorney to determine if a beneficiary designation form is required or recommended for your specific situation.

For pdfFiller’s FAQs

What is beneficiary designation form?

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

Who is required to file beneficiary designation form?

Anyone who has assets or benefits that they want to designate to specific individuals or organizations upon their death is required to file a beneficiary designation form.

How to fill out beneficiary designation form?

To fill out a beneficiary designation form, individuals need to provide their personal information, the names and contact information of their beneficiaries, and details of the assets or benefits being designated.

What is the purpose of beneficiary designation form?

The purpose of a beneficiary designation form is to ensure that an individual's assets or benefits are distributed according to their wishes upon their death.

What information must be reported on beneficiary designation form?

The beneficiary designation form typically requires information such as the individual's name, contact information, relationship to the beneficiary, and details of the assets or benefits being designated.

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