Trust Beneficiaries Form With Decimals
Description
How to fill out Irrevocable Life Insurance Trust - Beneficiaries Have Crummey Right Of Withdrawal?
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FAQ
Write only one beneficiary on each line. Make sure that you write the full names of all beneficiaries. For example, if you name you children as beneficiaries, DO NOT merely write ?children? on one of the lines; instead write the full names of each of your children on separate lines.
To leave property to your living trust, name your trust as beneficiary for that property, using the trustee's name and the name of the trust. For example: John Doe as trustee of the John Doe Living Trust, dated January 1, 20xx.
If you decide to have more than one beneficiary, you will allocate a percentage of the death benefit for each, so that the total allocation equals 100%. A simple example of this would be allocating 50% to your partner, and 25% to each of your two children, for a total of 100%.
The percentage total within each designation (Primary or Alternate) must add up to exactly 100%. For example, if you name three Primary beneficiaries with 33% for your first and 33% for your second, your third Primary beneficiary must be 34%, creating a total of 100%.
If you're naming only one primary beneficiary, put 100% in the percent column. If you're naming more than one primary beneficiary, you must indicate what percentage each is to receive.