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Get the free Additional Specific Contingent Benefciary Designation Form - bcfpers

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FOR F&P USE ONLY FIRE AND POLICE EMPLOYEES RETIREMENT SYSTEM CITY OF BALTIMORE SYSTEM NO: EMIL ID: ADDITIONAL SPECIFIC CONTINGENT BENEFICIARY DESIGNATION FORM DATE RECD: RECD BY: Member Information
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How to fill out additional specific contingent benefciary

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How to fill out additional specific contingent beneficiary:

01
Begin by locating the appropriate section on the beneficiary form or document. This is typically found within the area designated for beneficiaries.
02
Clearly identify the main or primary beneficiary. This is the individual or entity who will receive the benefits first in the event of your death. Provide their full legal name, social security number or tax identification number, and their relationship to you (e.g., spouse, child, sibling, etc.).
03
Specify the contingent beneficiary. This is the individual or entity who will receive the benefits if the primary beneficiary predeceases you or is otherwise unable to receive the benefits. Again, include their full legal name, social security number or tax identification number, and their relationship to you.
04
In the case of multiple contingent beneficiaries, indicate the percentage or specific amount that each individual or entity will receive. This ensures that the benefits are distributed according to your wishes.
05
Review the form or document to ensure accuracy and completeness. Double-check that all necessary information is provided and that there are no errors or omissions.
06
Sign and date the form or document, indicating your consent and understanding of its contents.
07
Keep a copy of the completed form or document for your records and submit the original to the appropriate institution or organization, such as your insurance provider or financial institution.

Who needs additional specific contingent beneficiary:

01
Individuals with primary beneficiaries who may not be able to receive the benefits.
02
Individuals with multiple potential beneficiaries who want to ensure the orderly distribution of benefits.
03
Those who want to provide for specific individuals or entities in the event that their primary beneficiary cannot receive the benefits.
By filling out additional specific contingent beneficiary information, individuals can have peace of mind knowing that their benefits will be distributed according to their wishes, even in unexpected circumstances.
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Additional specific contingent beneficiary is a beneficiary who will receive the assets of a trust or estate only under certain specified conditions or circumstances.
The trustee or executor of the trust or estate is required to file the additional specific contingent beneficiary.
To fill out the additional specific contingent beneficiary, the trustee or executor must provide the name, contact information, relationship to the deceased, and any specific conditions or circumstances under which the beneficiary will receive the assets.
The purpose of the additional specific contingent beneficiary is to ensure that the assets of the trust or estate are distributed according to the specified conditions or circumstances.
The information that must be reported on the additional specific contingent beneficiary includes their name, contact information, relationship to the deceased, and any specific conditions or circumstances for receiving the assets.
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