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F deceased children by representation. 3 . If none, to the parents equally or to the surviving parent. 4 . If none, to the appointed executor or administrator of the estate. 5 . If none, to the next of kin who is entitled to the estate under the laws of the state in which the deceased participant resided at the time of death. In the statutory order of precedence: • • “By representation” means that if a child of the participant dies before the participant dies, that child’.

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At death, the assets in these accounts do not pass ing to the TSP owner's will. They pass as a non-probate asset directly to the designated beneficiary. If the surviving spouse is the beneficiary then the assets in the TSP can be rolled over into the spouse's retirement account.

Mailing Address: Thrift Savings Plan. P.O. Box 385021. ... Fax Number: (703) 592-0151. Mailing Address: TSP Legal Processing Unit.

Form TSP-17, Information Relating to Deceased Participant. If a TSP participant dies while still in Federal service, the agency should provide Form TSP-17, Information Relating to Deceased Participant to a family member, executor, or potential beneficiary and assist with its completion.

The entire process (from receipt of Form TSP-17 and the death certificate to payment) generally takes three months. However, payment of a TSP death benefit may be delayed if the TSP is unable to locate a beneficiary or if other information is missing.

If you die with a TSP loan or loans outstanding, death benefit payments from your account cannot be distributed until the outstanding amount has been declared a loan foreclosure . The loan will be declared as taxable income to your estate, not to your beneficiaries . Your estate or survivors cannot repay the loan .

Once you leave the uniformed services, you'll no longer be able to make contributions to your account. However, you can keep more of what you save thanks to our low costs, change your investment mix, and transfer eligible money into your account — all while your account continues to accrue earnings.

Reporting a Participant's Death If a participant dies after separating from federal service or is the account holder of a beneficiary participant account, the participant's survivors should contact the ThriftLine Service Center at 1-877-968-3778.

If there was a beneficiary designation on file with us on the date of the participant's death, the TSP account will be distributed ing to that designation . Otherwise, the participant's account will be paid ing to the order of precedence required by law .

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232