Payable On Death Bank Of America Details

The Bank of America beneficiary form is an important document that allows you to specify who will receive your assets (money, property, etc.) in the event of your death. It's a good idea to complete this form and keep it updated, so that your loved ones will know exactly what you want done with your estate after you're gone. The form can be completed either online or on paper, and it's easy to do. Just be sure to provide all the necessary information, so that your beneficiaries can easily collect whatever assets are left to them.

To learn various specific details when it comes to the file you intend to use, here's the specifics you might want to read prior to completing the bank of america beneficiary form.

QuestionAnswer
Form NameBank Of America Beneficiary Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
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Form Preview Example

BANK OF AMERICA, N.A. (THE “BANK”)

IRA Beneficiary

Change (Not applicable for Coverdell ESA)

Participant Information

Participant’s Name

Address

IRA Plan Number

Social Security Number

City

State

Zip Code

Date of Birth

I hereby revoke all prior designations (if any) of any Beneficiary (ies) of my Individual Retirement Account Plan listed above, and I hereby designate the following as my Beneficiary (ies).

Primary Beneficiaries (You may designate one or more Primary Beneficiaries)

1.

Name

 

 

Social Security Number

 

 

 

 

 

Address

 

 

Date of Birth

 

 

 

 

 

 

 

 

 

 

Spouse

Yes

No

Percent

2.

Name

 

 

Social Security Number

 

 

 

 

 

 

 

 

 

 

 

Address

 

 

Date of Birth

 

 

 

 

 

 

 

 

 

 

Spouse

Yes

No

Percent

 

Contingent Beneficiaries (You may designate one or more Contingent Beneficiaries)

1.

Name

 

 

Social Security Number

 

 

 

 

 

Address

 

 

Date of Birth

 

 

 

 

 

 

 

 

 

 

Spouse

Yes

No

Percent

2.

Name

 

 

Social Security Number

 

 

 

 

 

 

 

 

 

 

 

Address

 

 

Date of Birth

 

 

 

 

 

 

 

 

 

 

Spouse

Yes

No

Percent

 

Additional Primary and/or Contingent Beneficiaries have been designated on the attached “Additional Beneficiaries Form”. Spousal Consent (For residents of community property states)

This section must be used when a Primary Beneficiary other than the Participant’s spouse is named. Individuals should consult with a legal advisor before signing this section.

I am the spouse of the Participant. I hereby consent to the beneficiary designation made above. I understand that by giving this consent I am giving up any interest I have in the funds deposited in this IRA. I did not receive any tax or legal advice from the Bank.

Signature of Spouse

 

Date

Signature of Witness

 

Date

I understand that all beneficiary designations are subject to the provisions of the Bank’s Prototype Plan for Individual Retirement Accounts (the “Plan”). Under the Plan, if a Primary Beneficiary does not survive the Participant, that Primary Beneficiary’s share is allocated in equal shares among the surviving Primary Beneficiaries. If no Primary Beneficiary survives the Participant, payment is made to the Contingent Beneficiaries. If a Contingent Beneficiary does not survive the Participant, that Contingent Beneficiary’s share is allocated in equal shares among the surviving Contingent Beneficiaries. If the Participant does not designate the relative shares of multiple Primary Beneficiaries or Contingent Beneficiaries, the Primary or Contingent Beneficiaries each will receive an equal share of the IRA. If the Participant does not designate any beneficiary, the entire balance in the IRA will be paid to the Participant’s Spouse, and if no spouse, his/her estate. No beneficiary designation will be effective unless it is made in writing, on the appropriate Bank form, and is executed and delivered to Bank of America prior to the death of the Participant.

Participant’s Signature

 

 

 

 

Date

 

 

 

 

 

 

 

 

Bank Information

 

 

 

 

 

 

Date

 

 

 

Banking Center Name

Deposit Product Services

Associate’s Phone Number

 

 

Associate’s Name

 

 

 

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