Get the free Beneficiary Designation Change Form - IRA Express

Beneficiary Designation Change Form IRA Express, Inc. PO Box 9 74 North Main Street Cedar City, Utah 84720 phone: 435-867-8008 toll-free: 888-328-8008 fax: 435-867-1042 Form Instructions: Use this

How to fill out beneficiary designation change form

Who needs beneficiary designation change form?

1. Individuals who have life insurance policies or retirement accounts
2. People who wish to update their designated beneficiaries

How to fill out beneficiary designation change form?

1. Obtain the form: Contact the relevant financial institution or insurance company to request the beneficiary designation change form. Typically, these forms are available online on their official websites as well.
2. Personal Information: Fill in your personal details such as your full name, address, contact number, and social security number. Provide any specific account or policy numbers if required.
3. Current Beneficiary Information: Specify the current beneficiaries listed on the account or policy. Include their full names, relationship to you, and their contact information.
4. Update Beneficiary Information: Clearly state the new beneficiaries you wish to designate. Include their full names, relationship to you, and their contact information.
5. Percentage Allocations: If you wish to distribute the benefits among multiple beneficiaries, specify the percentage allocation for each individual. Ensure that the total allocation adds up to 100%.
6. Witness and Signature: Some forms may require a witness signature. If so, ensure that a witness signs on the designated section. Review the form thoroughly, ensuring all necessary fields are completed accurately. Finally, sign and date the form.
7. Submitting the Form: Follow the instructions provided by the financial institution or insurance company regarding form submission. It may require mailing the form to a specific address or submitting it electronically.
8. Verification: Keep copies of the completed form for your records. Some financial institutions or insurance companies may send a confirmation letter or email acknowledging the change made to your beneficiaries. If you receive such confirmation, review it carefully and keep it on file.

Remember, it is essential to review and update your beneficiaries periodically to ensure your assets go to the intended individuals or organizations. Life-changing events such as marriage, divorce, or the birth of a child may necessitate updating your beneficiary designations. Always consult a legal or financial professional for guidance specific to your situation.

For pdfFiller’s FAQs

What is beneficiary designation change form?

The beneficiary designation change form is a document used to update the designated beneficiaries for a specific account or insurance policy.

Who is required to file beneficiary designation change form?

The account holder or policyholder is required to file the beneficiary designation change form.

How to fill out beneficiary designation change form?

To fill out the beneficiary designation change form, the account holder or policyholder must provide their personal information, the details of the current beneficiaries, and the updated beneficiaries.

What is the purpose of beneficiary designation change form?

The purpose of the beneficiary designation change form is to ensure that the correct beneficiaries are designated to receive the assets from the account or insurance policy in the event of the account holder's or policyholder's death.

What information must be reported on beneficiary designation change form?

The beneficiary designation change form must include the account holder's or policyholder's name, contact information, account or policy details, current beneficiaries, and the updated beneficiaries.

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