Get Coverdell Education Savings Account Distribution Request Form

The Coverdell Education Savings Account Distribution Request Form is an essential document for users looking to withdraw funds for qualified education expenses. This guide provides step-by-step instructions to help individuals confidently complete the form online.

Follow the steps to successfully complete the form online.

1. Click ‘Get Form’ button to obtain the form and open it in your online editor.
2. Begin by filling in the payee information section, which includes the beneficiary or child’s name, social security number, date of birth, and address. Ensure all details are accurate to avoid processing delays.
3. Next, indicate the type of distribution you are requesting. Choose between a one-time payment, termination, or other specified options.
4. Enter the withdrawal amount. Specify whether you desire the entire account balance or a specific gross amount, and indicate how you would like to receive the funds (in cash or through specific assets).
5. Select the reason for your withdrawal. You can choose from options such as qualified education expenses, death of the contributor, refund of excess contributions, or disability, among others.
6. Choose your method of distribution. Options may include an automated check, direct deposit, local branch payout, or transfer to another account. Ensure you provide the necessary details for your chosen method.
7. Complete the certification section by affirming that your request complies with the regulations of the ESA. Include your signature and the date, and if applicable, the signature of the beneficiary.
8. Finally, review all entries for accuracy. Once confirmed, you can save your changes, download, print, or share the completed form as needed.

Complete your Coverdell Education Savings Account Distribution Request Form online today.