Get the free Beneficiary Designation Form - District of Columbia Retirement Board - dcrb dc

District of Columbia Retirement Board (DCB) Benefits Department 900 7th Street, NW, 2nd Floor ? Washington, DC 20001 Telephone: (202) 343-3272 ? Toll Free: (866) 456-3272 ? Fax: (202) 566-5001 www.dcrb.dc.gov

How to fill out beneficiary designation form

How to fill out a beneficiary designation form:

1. Gather necessary information: Before starting the form, gather all the required information such as your personal details, beneficiary's information, and any alternate beneficiaries you might want to include.
2. Read the instructions: Carefully read the instructions provided with the form to understand the specific requirements and guidelines.
3. Provide personal information: Begin by filling out your personal information, including your full name, address, social security number, and contact details.
4. Specify beneficiaries: Clearly identify the primary beneficiary by providing their full name, relationship to you, and their contact information. If there are multiple primary beneficiaries, make sure to list each one separately.
5. Add contingent beneficiaries: Contingent beneficiaries are the individuals who will receive the benefits if the primary beneficiary is unable to. Include their full names, relationships, and contact information. Again, list each contingent beneficiary separately.
6. Determine percentages: Indicate the percentage of benefits you want each beneficiary to receive. Ensure that the total percentage adds up to 100%. If you are unsure about the percentages, seek advice from a financial advisor.
7. Sign and date: Review all the information you have entered to make sure it is accurate. Sign and date the form in the designated areas.
8. Witness or notary: Some beneficiary designation forms require you to have witnesses or a notary present when signing. If this is the case, arrange for witnesses or a notary to sign the form along with you.
9. Submit the form: Follow the instructions provided on how to submit the completed form. This may include mailing it to a specific address or submitting it electronically, depending on the requirements.

Who needs a beneficiary designation form?

1. Individuals with retirement accounts: Anyone who has a retirement account such as a 401(k), IRA, or pension plan should consider completing a beneficiary designation form. This ensures that their assets are distributed according to their wishes upon their passing.
2. Life insurance policyholders: Life insurance policies often require a beneficiary designation form to designate who will receive the benefits upon the policyholder's death.
3. Estate planning: Beneficiary designation forms are important components of estate planning, allowing individuals to determine how their assets will be distributed after their death.

For pdfFiller’s FAQs

What is beneficiary designation form?

Beneficiary designation form is a legal document that allows an individual to specify who will receive certain assets after their death, such as life insurance proceeds or retirement account funds.

Who is required to file beneficiary designation form?

Individuals who have assets that allow for a named beneficiary to receive them upon their death are required to file a beneficiary designation form.

How to fill out beneficiary designation form?

To fill out a beneficiary designation form, an individual must provide their personal information, the name of the beneficiary, and the percentage of assets that each beneficiary will receive.

What is the purpose of beneficiary designation form?

The purpose of a beneficiary designation form is to ensure that assets are distributed according to the individual's wishes after their death, without the need for probate.

What information must be reported on beneficiary designation form?

The beneficiary designation form must include the individual's name, contact information, social security number, the beneficiary's name, relationship to the individual, and percentage of assets they will receive.

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