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275 East Broad Street
Columbus, OH 432153771
8882277877
www.strsoh.orgState Teachers
Retirement System
of OhioDESIGNATION OF BENEFICIARIES BEFORE BENEFIT PAYMENTS
FOR DEFINED CONTRIBUTION PLAN PARTICIPANTS
(Members
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What is designation of beneficiaries death?
The designation of beneficiaries death is a document that specifies the individuals or entities who are entitled to receive benefits or assets upon the death of the account holder or policyholder.
Who is required to file designation of beneficiaries death?
Typically, the account holder or policyholder of a financial account, insurance policy, or retirement plan is required to file a designation of beneficiaries death.
How to fill out designation of beneficiaries death?
To fill out a designation of beneficiaries death, you need to provide the names and contact information of the beneficiaries, specify the percentage of benefits each beneficiary will receive, and sign the document, often requiring notarization.
What is the purpose of designation of beneficiaries death?
The purpose of a designation of beneficiaries death is to ensure that the account holder's or policyholder's assets are distributed according to their wishes upon their death, avoiding probate and delays.
What information must be reported on designation of beneficiaries death?
The information typically required includes the full names, addresses, Social Security numbers of the beneficiaries, the relationship to the account holder, and the specific assets being designated.
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