Get the free Beneficiary Designation Form - Enterprise Products Partners

Enterprise 401(k) Plan Beneficiary Designation Form Instructions Please print clearly in CAPITAL LETTERS, using only blue or black ink. Do not use correction fluid. If you need to change information

How to fill out beneficiary designation form

How to fill out beneficiary designation form:

1. Start by obtaining the beneficiary designation form from the relevant institution or financial organization. This form is typically available online or can be requested directly from the institution.
2. Ensure that you have all the necessary information before filling out the form. This may include the legal name, date of birth, and contact information of the primary account holder or policyholder, as well as the beneficiaries' information.
3. Begin by providing your personal details as the primary account holder or policyholder. This may include your name, date of birth, social security number, and contact information.
4. Next, carefully fill in the beneficiary information section. Include the full legal name, date of birth, and contact information of each beneficiary. You may also need to specify the relationship between the primary account holder and each beneficiary.
5. Indicate the percentage of the account or policy that each beneficiary should receive. Make sure that the total percentages add up to 100%.
6. If you would like to designate contingent or secondary beneficiaries, provide their information in the appropriate section. Contingent beneficiaries will receive the assets only if the primary beneficiaries are unable to.
7. Read the form carefully and follow any specific instructions or additional sections that may be relevant. Some forms may require a witness or notary signature to ensure its validity.
8. Double-check all the information you have provided before submitting the form. Ensure that all names, dates, and contact details are accurate and spelled correctly.
9. Sign and date the beneficiary designation form in the appropriate sections. If required, have a witness or notary public sign and stamp the form as well.
10. Keep a copy of the completed beneficiary designation form for your records and submit the original to the institution or financial organization that requires it.

Who needs beneficiary designation form:

1. Individuals who have life insurance policies may need a beneficiary designation form. This allows them to specify who will receive the death benefit in case of their passing.
2. Retirement account holders, such as those with IRA or 401(k) plans, often need a beneficiary designation form. This is to determine who will inherit the remaining funds if the account holder passes away.
3. Beneficiary designation forms are also required for certain investment accounts, such as annuities or mutual funds. The form ensures that the account owner's designated beneficiaries receive the assets.
4. Some financial institutions may require a beneficiary designation form for other purposes, such as custodial accounts or trust accounts. It is best to consult with the specific institution or organization to determine if a form is necessary in these cases.

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 their assets upon their death.

Who is required to file beneficiary designation form?

Any individual who has assets that they wish to pass on to a specific person or entity upon their death is required to file beneficiary designation form.

How to fill out beneficiary designation form?

Beneficiary designation form can be filled out by providing the necessary information such as the name of the beneficiary, relationship to the individual, percentage of assets to be allocated, and contact information.

What is the purpose of beneficiary designation form?

The purpose of beneficiary designation form is to ensure that an individual's assets are distributed according to their wishes upon their death.

What information must be reported on beneficiary designation form?

The beneficiary designation form must include the name of the beneficiary, relationship to the individual, percentage of assets to be allocated, and contact information.

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