Get Beneficiary Designation Form For Ira And 403(b)(7) Accounts

Completing the Beneficiary Designation Form for IRA and 403(b)(7) accounts online can ensure that your assets are distributed according to your wishes upon your death. This guide will provide clear, step-by-step instructions on how to navigate the form efficiently.

Follow the steps to complete your Beneficiary Designation Form.

1. Press the ‘Get Form’ button to obtain the form and open it in your preferred editing platform.
2. Begin with the Account Holder Information section. Fill in your first name, middle name (if applicable), last name, Schwab account number, and your Social Security or Tax ID number.
3. Read the Instructions and Important Information thoroughly to understand how to designate your beneficiaries accurately. Make sure to complete the Beneficiary Table for each beneficiary indicating the percentage they are to receive.
4. In Section 4, enter the details for your primary beneficiaries. Provide each beneficiary's name, percentage of assets they will receive, address, relationship to you, date of birth, and their Social Security or Tax ID number.
5. Optionally, designate contingent beneficiaries in the same manner. Ensure that the total percentages for primary and contingent beneficiaries equal 100%.
6. Select whether you want a per stirpes or per capita distribution for each designated beneficiary in the options provided in Section 4.
7. In Section 5, designate an Authorized Party who can assist Schwab in verifying the identity of your beneficiaries if necessary. Fill in the required information, including their name, relationship to you, and contact details.
8. Finally, sign the form in Section 6, acknowledging that you understand and agree to the terms. Make sure to include the date of signing.
9. After filling out all sections, you can save the form, download it, print it, or share it as needed.

Complete your Beneficiary Designation Form online to ensure your accounts are managed as per your wishes.