Get the free Beneficiary Designation form

WISCONSIN DEPARTMENT OF EMPLOYEE TRUST FUNDS P.O. BOX 7931 Madison, Wisconsin 53707-7931 1-877-533-5020 (toll-free) COMPLETE IF APPLICABLE BENEFICIARY DESIGNATION Wis. Stat. 40.02 (8) (a) and 40.74

How to fill out beneficiary designation form

How to fill out a beneficiary designation form?

1. Start by obtaining the beneficiary designation form from the relevant institution or organization. This form is typically used to designate individuals who will receive the benefits or assets upon your death.
2. Carefully read the instructions and requirements provided with the form. Make sure you understand all the terms and conditions.
3. Begin by providing your personal information, such as your full name, address, date of birth, and social security number. Some forms may also require additional information, like your relationship to the beneficiary or your employment details.
4. Next, identify the beneficiaries by providing their full names, addresses, and other required information. You may need to specify the percentage or share of the benefits each beneficiary will receive.
5. If you want to designate primary and secondary beneficiaries, clearly indicate their order of priority. Primary beneficiaries will receive the benefits first, while secondary beneficiaries will only receive them if the primary beneficiaries are unable to claim them.
6. Review the form thoroughly to ensure all information provided is accurate and complete. Double-check spellings, addresses, and beneficiary details.
7. Once you have filled out the form completely, sign and date it in the designated spaces. Some forms may require additional witnesses or a notary public to authenticate your signature.
8. Make copies of the completed form for your records, and submit the original form to the appropriate institution or organization. It is advisable to keep a copy for yourself and inform your loved ones about the location of the form.
9. Lastly, periodically review and update your beneficiary designation form as circumstances change, such as marriage, divorce, or the birth of children.

Who needs a beneficiary designation form?

1. Individuals who have financial assets, such as retirement accounts, life insurance policies, or investment accounts, may need a beneficiary designation form.
2. Employees who have workplace benefits like pension plans or 401(k) accounts often need to complete a beneficiary designation form to determine who will receive these benefits in the event of their death.
3. Parents or guardians who want to designate their children or chosen beneficiaries as recipients of life insurance policies or other financial assets may also require a beneficiary designation form.
4. People who have a specific wish regarding the distribution of their assets after death can use a beneficiary designation form to ensure their wishes are followed.
5. Executors or administrators of a deceased person's estate may need a beneficiary designation form to determine the rightful beneficiaries and distribute the assets accordingly.

For pdfFiller’s FAQs

What is beneficiary designation form?

A beneficiary designation form is a legal document that allows you to specify who will receive your assets upon your death.

Who is required to file beneficiary designation form?

Anyone who has assets that they want to pass on to specific individuals or entities 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, you will need to provide information about the assets you want to designate beneficiaries for, as well as the names and contact information of the designated beneficiaries.

What is the purpose of beneficiary designation form?

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

What information must be reported on beneficiary designation form?

The beneficiary designation form must include details of the assets being designated, the names and contact information of the beneficiaries, and any specific instructions regarding the distribution of assets.

How do I edit beneficiary designation form online?

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