Form Tod002 PDF Details

When it comes to managing the financial aftermath of a loved one's passing, the TOD002 form serves a critical function, especially for those inheriting assets from a Transfer on Death (TOD) account. Managed by the Administrative Data Management Corp, this document facilitates a smooth transition of assets from the deceased account owner to the beneficiary. It begins with the beneficiary certifying their identity and their entitlement to the account, providing essential details such as social security number, address, and the account in question. It covers the steps the beneficiary needs to take, such as providing a certified death certificate and, depending on the deceased's state of residency, additional legal waivers or affidavits. The form outlines the options available for the inherited assets: transferring shares into a new or existing customer account, or liquidating them entirely. Importantly, it includes indemnity clauses to protect First Investors Corporation and its affiliates, plus a taxpayer certification to comply with IRS requirements regarding backup withholding. A signature guarantee might be required to finalize the process, underscoring the form's commitment to security and authenticity. This level of detailed instruction and legal precaution makes the TOD002 not merely a form but a comprehensive guide for navigating the bureaucratic and emotional complexities that come with inheriting investments.

QuestionAnswer
Form NameForm Tod002
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namestransfer on death deed form virginia, TOD002, 13-digits, foregoing

Form Preview Example

Certification of Entitlement to TOD Account

Administrative Data Management Corp. PO Box 7837, Edison, NJ 08818-7837

Re: First Investors Account #

TOD

Owner's Name (print)

Beneficiary's Name (print)

 

 

I hereby certify:

(1)I am the Beneficiary (or duly authorized representative of the Beneficiary) named in the above account. My name, social security number, date of birth and address are:

Beneficiary's Name (or duly authorized representative of the Beneficiary) (print)

Social Security Number

Date of Birth

 

 

 

 

 

Street Address

City

State

Zip Code

(2) I make this Certification to induce ADM to transfer/liquidate the above-captioned account in accordance with my instructions.

(3)

The Account Owner died on

 

, as shown by the attached certified death certificate.

 

 

 

 

 

 

 

 

 

Date of Death

 

(4)

At the Account Owner's death, Account Owner was a resident of:

, which (select one):

 

 

 

 

State

 

(a) requires inheritance tax waivers, which are attached; or

(b) requires affidavit of domicile, which is attached.

(5)I know of no disputes or claims to the account which would affect the transfer/liquidation I have requested.

(6)Subject to the foregoing representations, I hereby instruct ADM to transfer/liquidate the above-referenced account as follows (select one):

(a) transfer the shares into a new customer account (Master Account Application is attached); or

(b) transfer the shares into an existing customer account #

13-digits

(c) liquidate account and mail proceeds to the Beneficiary's name and address listed in Section 1 above.

I authorize First Investors to act in accordance with the above instructions. I understand that if shares are transferred, they will be transferred in the same fund as they are currently invested. I indemnify and hold harmless First Investors Corporation and its affiliates, as well as its and their directors, officers, employees, agents, managers and representatives from and against any and all damages, claims, or causes of actions arising out of or in any way connected with this transaction.

TAXPAYER CERTIFICATION. The Internal Revenue Service ("IRS") does not require your consent to any provision of this document other than the certification required to avoid backup withholding. Under penalty of perjury, I certify that (1) the number shown on this application is my correct taxpayer identification number (or I am awaiting a number to be issued to me) and (2) I am not subject to backup withholding because (A) I am exempt from backup withholding, or (B) I have not been notified by the IRS that I am subject to backup withholding, or (C) the IRS has notified me that I am no longer subject to backup withholding, and (3) I am a U.S. citizen or other U.S. person. You must strike out (2) above if you are subject to backup withholding.

Affix Medallion Signature Guarantee Here, If Required: Stamps qualified for a specific date and/or individual or altered in any manner, may not be accepted.

SG

Signature of Beneficiary (or duly Authorized Rep of Beneficiary)

Date

SG denotes a signature guarantee is required.

I CERTIFY THAT ALL SIGNATURES THAT REQUIRE A SIGNATURE GUARANTEE ON THIS FORM ARE GENUINE.

Reg. Rep #

 

Office #

 

Registered Representative's Name (print)

 

 

Registered Representative's Signature

Date

 

 

 

 

 

 

 

Principal's #

 

Principal's Name (print)

 

 

Principal's Signature

Date

TOD002 Rev. 03/30/12

How to Edit Form Tod002 Online for Free

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This PDF form will require specific info to be filled in, hence you should take the time to type in exactly what is required:

1. It is very important fill out the sample transfer on death deed virginia properly, thus be mindful while filling out the sections including these particular fields:

Tips on how to prepare transfer on death deed form portion 1

2. Once your current task is complete, take the next step – fill out all of these fields - I CERTIFY THAT ALL SIGNATURES THAT, Reg Rep, Office, Registered Representatives Name, Registered Representatives, Principals, Principals Name print, Principals Signature, Date, Date, and TOD Rev with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Filling out segment 2 of transfer on death deed form

Always be very mindful when completing Registered Representatives Name and Date, because this is the part in which many people make errors.

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