Get Coverdell Education Savings Account Change Of Trustee Form

Filling out the Coverdell Education Savings Account Change Of Trustee Form online is a straightforward process that helps you transfer your existing savings account effectively. This guide provides clear, step-by-step instructions to ensure you complete the form correctly.

Follow the steps to successfully complete your form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by providing the necessary information about the resigning trustee or custodian. Fill in the Resigning Trustee/Custodian Account Number and include their name and contact details.
3. Indicate the type of transfer you are requesting, selecting from the options: Change of Trustee, Direct Rollover, or Transfer-in-kind. Specify whether the transfer is partial or complete.
4. Fill in the designated beneficiary's information. Ensure the beneficiary is under the age of 30 for a rollover. Complete their first name, middle initial, last name, and social security number.
5. Provide details regarding the responsible individual's relationship to the designated beneficiary. Fill in the first name, middle initial, last name, and address.
6. Select how to liquidate the account. You can choose to liquidate all assets immediately or at maturity. Acknowledge any penalties for early withdrawal, if applicable.
7. In Section 4, choose whether you are opening a new OppenheimerFunds Coverdell Education Savings Account or investing in an existing account. Provide the fund allocation details as required.
8. Sign and date the form. Check with the current trustee or custodian to see if a signature guarantee is necessary.
9. Once completed, save your changes, download the form for your records, and print it if you need a hard copy.
10. Send the completed form along with any related application directly to OppenheimerFunds Distributor, Inc. via mail.

Complete your Coverdell Education Savings Account Change Of Trustee Form online today for a seamless transfer process.