Get Form 5305-e (rev. January 2000)

This guide provides a comprehensive overview of how to complete the Form 5305-E (Rev. January 2000) online. This form is essential for establishing an education individual retirement trust account, known as an Ed IRA, under section 530 of the Internal Revenue Code.

Follow the steps to fill out the Form 5305-E online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Fill in the name of the grantor in the provided field. This is the person who is establishing the trust account.
3. Provide the grantor's identification number, typically the social security number.
4. Enter the name of the designated beneficiary, who is the individual for whom the Ed IRA is created.
5. If applicable, check the box for 'Amendment' to indicate if this is an amended form.
6. Fill in the designated beneficiary's identification number.
7. Complete the address and date of birth fields for the designated beneficiary.
8. Enter the name and address of the responsible individual, usually the parent or guardian of the designated beneficiary.
9. Provide the name and address or principal place of business of the trustee.
10. Specify the amount of cash assigned to the trust in the appropriate section.
11. Review Articles I through X to understand terms regarding contributions, beneficiary changes, and distribution requirements.
12. Complete Article XI with any additional provisions you wish to include, or draw a line through this space if none are necessary.
13. Have the grantor and trustee sign and date the form, and include a witness signature if required.
14. Once completed, save changes, download, print, or share the form as needed.

Start completing your Form 5305-E online today for efficient management of your education individual retirement trust account.