Schwab Beneficiary – Fill Out and Use This PDF

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Please฀read฀this฀section฀carefully฀and฀sign฀in฀Section฀8: class,฀regardless฀of฀the฀class฀before฀or฀after฀the฀date฀

A.฀Amendment฀and฀Account฀Agreement.฀The฀ of฀this฀application.

Designated฀Beneficiary฀Plan฀(the฀“Plan”)฀adds฀to,฀but฀ If฀it฀cannot฀be฀determined฀whether฀a฀beneficiary฀฀

does฀not฀replace฀any฀of,฀the฀terms฀and฀conditions฀ survived฀the฀account฀holder฀by฀120฀hours,฀the฀benefi-

of฀your฀Schwab฀One®฀or฀Schwab฀Access®฀Account฀ ciary฀will฀be฀deemed฀not฀to฀have฀survived฀that฀period.฀

Agreements฀and฀any฀other฀agreements฀between฀you฀ E.฀Revocation฀and฀Changes฀to฀Beneficiary฀ and฀Schwab฀that฀apply฀to฀your฀accounts฀with฀Charles฀ Designations.฀You฀may฀change฀your฀named฀฀

Schwab฀&฀Co.,฀Inc.฀(“Schwab”).฀The฀Plan฀consists฀ beneficiaries,฀change฀the฀percentages฀that฀you฀wish฀

of฀the฀Plan฀Application,฀including฀the฀Plan฀Terms฀of฀ to฀distribute,฀or฀revoke฀your฀entire฀Plan฀at฀any฀time.฀

Agreement,฀and฀any฀other฀agreements฀between฀you฀ A฀subsequent฀beneficiary฀designation฀automatically฀

and฀Schwab฀that฀apply฀to฀the฀Plan.฀If฀any฀of฀the฀Plan฀ revokes฀a฀prior฀designation฀of฀all฀beneficiaries,฀in฀its฀ Terms฀of฀Agreement฀should฀conflict฀with฀those฀of฀any฀ entirety,฀when฀it฀becomes฀effective.฀In฀order฀to฀be฀

other฀agreements฀that฀apply฀to฀your฀Schwab฀One฀or฀ effective,฀these฀changes฀must฀be฀made฀in฀writing,฀

Schwab฀Access฀accounts,฀as฀they฀may฀be฀amended฀ signed฀by฀all฀living฀account฀holders฀and฀delivered฀to฀

from฀time฀to฀time,฀the฀Plan฀Terms฀of฀Agreement฀will฀ Schwab฀prior฀to฀the฀account฀holder’s฀death.฀Schwab฀ control.฀Unless฀otherwise฀defined,฀capitalized฀terms฀in฀ will฀not฀honor฀any฀change฀of฀beneficiary฀made฀in฀a฀will฀ the฀Plan฀Terms฀of฀Agreement฀have฀the฀same฀meaning฀ or฀trust,฀except฀as฀required฀by฀court฀order฀delivered฀to฀

as฀in฀the฀Schwab฀One฀or฀Schwab฀Access฀Account฀ Schwab.฀

Agreements.

An฀attorney-in-fact,฀guardian,฀conservator฀or฀other฀

B.฀Limited฀Availability.฀Only฀Schwab฀One฀or฀ duly฀authorized฀and฀acting฀representative฀of฀the฀

Schwab฀Access฀accounts฀with฀Individual฀or฀Joint฀ account฀holder฀may฀change฀or฀revoke฀the฀beneficiary฀

Tenants฀with฀Rights฀of฀Survivorship฀(or฀Community฀ designation฀only฀if฀specifically฀authorized฀by฀a฀court฀ Property฀with฀Rights฀of฀Survivorship)฀registrations฀are฀ order฀or฀other฀instrument฀of฀appointment฀delivered฀

eligible฀for฀the฀Plan.฀Accounts฀registered฀as฀Tenants- and฀acceptable฀to฀Schwab. in-Common฀or฀Community฀Property฀without฀Rights฀of฀ Survivorship฀(and฀IRAs฀or฀other฀retirement฀accounts)฀ Changes฀in฀the฀relationship฀between฀the฀account฀

are฀ineligible.฀Your฀primary฀residence฀must฀be฀in฀a฀ holder(s)฀and฀any฀designated฀beneficiary,฀including,฀

state฀in฀which฀Schwab฀offers฀the฀Plan.฀By฀enrolling฀ but฀not฀limited฀to,฀subsequent฀marriage,฀dissolution฀฀

in฀the฀Plan,฀you฀represent฀to฀us฀that฀your฀primary฀ of฀marriage,฀remarriage฀or฀adoption,฀will฀not฀automati-

residence฀is฀in฀one฀of฀these฀states.฀You฀understand฀ cally฀add฀or฀revoke฀designations฀of฀beneficiaries.฀ that฀the฀Plan฀automatically฀terminates฀at฀any฀time฀you฀ For฀example,฀if฀a฀former฀spouse฀was฀a฀designated฀

no฀longer฀have฀a฀primary฀residence฀in฀a฀state฀that฀ beneficiary฀prior฀to฀dissolution฀of฀the฀marriage,฀the฀

allows฀for฀the฀Plan,฀in฀which฀event฀all฀designations฀ former฀spouse฀would฀remain฀a฀beneficiary฀after฀

cease฀having฀any฀legal฀effect.฀It฀is฀your฀responsibility฀ the฀dissolution฀unless฀his฀or฀her฀designation฀as฀a฀

to฀notify฀us฀in฀writing฀when฀your฀primary฀residence฀ beneficiary฀was฀expressly฀revoked฀in฀writing฀that฀was฀

ceases฀to฀be฀in฀an฀eligible฀state,฀and฀we฀will฀then฀ received฀by฀Schwab.฀

cancel฀your฀enrollment฀in฀the฀Plan.฀If฀you฀reestablish฀ F.฀Payment฀on฀Death.฀Beneficiary฀designations฀

a฀primary฀residence฀in฀a฀state฀where฀Schwab฀offers฀ under฀your฀Plan฀will฀not฀be฀effective฀until฀the฀death฀

the฀Plan,฀you฀must฀complete฀a฀new฀Designated฀ of฀the฀last฀surviving฀account฀holder.฀If฀this฀is฀a฀joint฀

Beneficiary฀Plan฀Application,฀and฀you฀are฀subject฀ account,฀the฀surviving฀account฀holder฀has฀the฀right฀

to฀new฀set-up฀fees.฀If฀you฀have฀any฀questions฀as฀to฀ to฀revoke฀the฀Plan฀or฀change฀beneficiaries฀after฀your฀

whether฀your฀primary฀residence฀is฀in฀a฀state฀where฀ death.฀All฀assets฀in฀your฀Plan฀must฀be฀held฀at฀Schwab฀ Schwab฀offers฀the฀Plan,฀please฀visit฀www.schwab.com฀ in฀order฀to฀be฀distributed฀to฀the฀named฀beneficiaries฀

or฀your฀local฀branch,฀or฀call฀1-800-742-6262. at฀the฀last฀surviving฀account฀holder’s฀death.฀Transfers฀

C.฀Plan฀Fees.฀You฀will฀be฀charged฀a฀setup฀fee฀of฀$25฀ to฀a฀beneficiary(ies)฀include฀any฀interest,฀earnings,฀

to฀enroll฀in฀the฀Plan.฀After฀the฀last฀account฀holder’s฀ dividends,฀etc.,฀associated฀with฀these฀account฀assets฀

death,฀any฀assets฀in฀the฀account฀that฀are฀transferred฀ but฀not฀paid฀or฀credited฀before฀the฀death฀of฀the฀last฀ out฀of฀Schwab฀in฀certificate฀form฀will฀be฀assessed฀the฀ surviving฀account฀holder.฀Schwab฀has฀no฀duty฀to฀

fees฀then฀being฀charged฀by฀Schwab฀to฀distribute฀in฀ withhold฀a฀transfer฀based฀on฀knowledge฀of฀an฀adverse฀

certificate฀form.claim฀unless฀written฀notice฀is฀given฀of฀that฀claim฀that฀ affords฀Schwab฀reasonable฀opportunity฀to฀act฀prior฀

D.฀Designation฀of฀Beneficiaries.฀You฀must฀desig- to฀making฀the฀transfer.฀It฀is฀the฀responsibility฀of฀each฀ nate฀your฀beneficiaries฀in฀writing฀on฀the฀form฀provided.฀ beneficiary฀designated฀under฀the฀Plan฀to฀notify฀Schwab฀ Only฀beneficiaries฀identified฀by฀name฀(including฀trusts)฀ of฀the฀death฀of฀the฀account฀owner฀and฀to฀provide:฀฀ will฀share฀in฀the฀account฀proceeds.฀The฀designation฀of฀ (1)฀a฀completed฀Designated฀Beneficiary฀Plan฀

named฀individuals฀who฀may฀be฀in฀the฀same฀class฀as฀ Distribution฀Form;฀(2)฀a฀certified฀copy฀of฀the฀death฀ other฀individuals฀(e.g.,฀children฀and฀grandchildren)฀will฀ certificate;฀(3)฀a฀notarized฀Affidavit฀of฀Domicile;฀and฀฀

not฀automatically฀include฀the฀other฀members฀of฀the฀ (4)฀a฀tax฀waiver฀if฀required฀by฀state฀law.฀Furthermore,฀it฀

may฀be฀necessary฀to฀require฀proof฀of฀the฀beneficiary’s฀ date฀of฀birth฀or฀relationship฀to฀account฀holder.฀We฀ will฀have฀no฀responsibility฀for฀locating฀designated฀ beneficiaries.฀We฀reserve฀the฀right,฀in฀our฀sole฀ discretion,฀to฀require฀additional฀documentation,฀to฀ consult฀counsel,฀and฀to฀institute฀legal฀proceedings฀in฀ order฀to฀determine฀the฀proper฀distribution฀of฀account฀ assets,฀which฀shall฀be฀at฀the฀expense฀of฀the฀account.฀

Schwab฀reserves฀the฀right฀to฀withhold฀a฀certain฀ portion฀of฀the฀proceeds฀payable฀to฀any฀beneficiary,฀฀ the฀distribution฀to฀whom฀would฀be฀subject฀to฀tax฀under฀ Chapter฀13฀(Generation-Skipping฀Tax)฀or฀any฀other฀ provision฀of฀the฀Internal฀Revenue฀Code,฀or฀under฀ applicable฀state฀laws.฀

G.฀Suitability฀of฀the฀Plan฀for฀You.฀You฀acknowledge฀ that฀Schwab฀has฀not฀advised,฀nor฀will฀advise,฀you฀ on฀whether฀the฀Plan฀is฀appropriate฀for฀you.฀You฀ acknowledge฀that฀a฀Plan฀is฀a฀substitute฀for฀a฀will,฀ trust฀or฀other฀testamentary฀disposition฀of฀those฀ assets฀subject฀to฀the฀Plan฀designation฀and฀may฀ have฀significant฀tax,฀estate฀planning฀or฀other฀legal฀ consequences.฀Schwab฀recommends฀that฀you฀seek฀ advice฀from฀your฀tax฀or฀estate฀planning฀advisor฀prior฀฀ to฀enrolling฀in฀the฀Plan.

You฀further฀acknowledge฀that฀this฀Plan฀does฀not฀ constitute฀a฀trust฀and฀that฀Schwab฀has฀no฀fiduciary฀ duty฀as฀a฀trustee฀under฀this฀Plan.฀

H.฀Indemnity.฀Schwab฀shall฀incur฀no฀liability฀for฀ any฀payment฀made฀in฀good฀faith฀pursuant฀to฀the฀ Plan.฀You,฀on฀behalf฀of฀yourself,฀your฀estate฀and฀your฀ successors-in-interest,฀including฀those฀receiving฀ payment฀as฀designated฀beneficiaries,฀agree฀to฀ indemnify฀and฀hold฀harmless฀Schwab,฀its฀affiliates฀and฀ their฀directors,฀officers,฀employees฀and฀agents฀from฀ and฀against฀all฀claims,฀actions,฀costs฀and฀liabilities,฀ including฀attorneys’฀fees,฀arising฀out฀of฀or฀relating฀to:

•฀ your฀failure฀to฀notify฀Schwab฀of฀a฀change฀in฀primary฀ residence฀or฀domicile฀that฀may฀cause฀the฀Plan฀not฀ to฀be฀applicable฀at฀the฀time฀of฀the฀account฀holder’s฀ death;

•฀ any฀conflicting฀designations฀of฀the฀assets฀in฀your฀ account฀by฀will,฀revocable฀living฀trust฀or฀any฀other฀ instrument;

•฀ any฀written฀change฀of฀designated฀beneficiaries฀ that฀you฀have฀made฀that฀is฀not฀received฀by฀Schwab฀ during฀the฀lifetime฀of฀the฀account฀holder;฀and

•฀ any฀other฀claims฀or฀disputes฀not฀due฀to฀Schwab’s฀ fault฀or฀negligence.

I.฀Governing฀Law.฀The฀Plan฀and฀its฀provisions฀ are฀effective฀immediately฀upon฀the฀execution฀of฀ this฀application฀and฀receipt฀by฀Schwab.฀The฀Plan฀is฀ governed฀by฀California฀law฀and฀applicable฀federal฀law,฀ as฀applied฀to฀contracts฀entered฀into฀and฀completely฀ performed฀within฀California.฀

Throughout฀this฀agreement,฀the฀words฀“you,”฀“your”฀ designations฀will฀remain฀in฀effect฀until฀changed฀or฀

and฀“yours”฀refer฀to฀each฀account฀holder.฀“Schwab฀ cancelled฀by฀you.฀During฀your฀lifetime,฀this฀account฀

Bank,”฀“we,”฀“us”฀and฀“our”฀refer฀to฀Charles฀Schwab฀ belongs฀to฀you.฀You฀may฀close฀the฀account,฀remove฀or฀ Bank,฀N.A.฀Any฀capitalized฀terms฀not฀defined฀in฀these฀ add฀a฀beneficiary,฀change฀the฀account฀type฀or฀account฀ Terms฀of฀Agreement฀with฀Schwab฀Bank฀can฀be฀found฀ ownership,฀and฀withdraw฀all฀or฀part฀of฀the฀account฀

in฀your฀Schwab฀Bank฀Deposit฀Account฀Agreement.฀ balance.฀Any฀designation,฀revocation฀or฀change฀to฀

A.฀Amendment฀and฀Account฀Agreement.฀This฀ a฀beneficiary฀designation฀must฀be฀authorized฀by฀all฀

“Designated฀Beneficiary฀Plan—Investor฀Checking฀ surviving฀account฀holders.฀฀

Account:฀Terms฀of฀Agreement฀with฀Schwab฀Bank”฀ D.฀Payment฀on฀Death.฀Upon฀the฀death฀of฀the฀holder฀ supplements฀and฀is฀part฀of฀the฀Schwab฀Bank฀Deposit฀ or,฀if฀there฀are฀co-holders,฀the฀last฀surviving฀co-

Account฀Agreement,฀which฀includes฀an฀arbitration฀ holder,฀any฀Available฀Funds฀remaining฀in฀the฀Investor฀

provision,฀which฀you฀received฀at฀account฀opening.฀ Checking฀account฀belong฀to฀the฀then-surviving฀(if฀

The฀Designated฀Beneficiary฀Plan฀with฀Schwab฀Bank฀ any)฀beneficiary(ies),฀subject฀to฀our฀right฀to฀charge฀ (the฀“Bank฀Plan”)฀consists฀of฀the฀Schwab฀Designated฀ the฀account฀for฀any฀amount฀the฀deceased฀holder,฀

Beneficiary฀Plan฀Application฀and฀these฀Terms฀of฀ co-holder฀or฀beneficiary฀owes฀us.฀A฀beneficiary฀will฀

Agreement฀with฀Schwab฀Bank.฀If฀there฀is฀a฀conflict฀ acquire฀an฀interest฀in฀the฀Investor฀Checking฀account฀

between฀the฀terms฀in฀the฀Bank฀Plan฀and฀the฀terms฀ only฀after฀the฀death฀of฀all฀account฀holders฀and฀then฀

of฀any฀other฀agreement฀that฀applies฀to฀your฀Investor฀ only฀if฀the฀beneficiary(ies)฀is฀(are)฀alive.฀Upon฀your฀

Checking฀account,฀the฀terms฀in฀the฀Bank฀Plan฀shall฀ death,฀the฀Available฀Funds฀in฀your฀Investor฀Checking฀

control.฀account฀listed฀on฀this฀application฀will฀become฀the฀

B.฀Limited฀Availability.฀Only฀Investor฀Checking฀ property฀of,฀and฀payable฀to,฀the฀beneficiary(ies)฀

accounts฀with฀Individual฀or฀Joint฀Tenants฀with฀Rights฀ listed฀on฀this฀application฀who฀survive(s)฀the฀last฀ of฀Survivorship฀registrations฀are฀eligible฀for฀the฀Bank฀ surviving฀account฀holder฀by฀120฀hours.฀If฀it฀cannot฀

Plan.฀Other฀registration฀types฀are฀ineligible฀for฀the฀ be฀determined฀whether฀a฀beneficiary฀survived฀the฀ Bank฀Plan.฀Your฀primary฀residence฀must฀be฀within฀the฀ account฀holder฀by฀120฀hours,฀the฀beneficiary฀will฀be฀ United฀States฀in฀a฀state฀where฀Schwab’s฀Designated฀ deemed฀not฀to฀have฀survived฀that฀period.฀Please฀be฀

Beneficiary฀Plan฀is฀offered.฀If฀your฀primary฀residence฀ advised฀that฀surviving฀account฀holders฀may฀change฀

subsequently฀changes฀to฀a฀state฀where฀Schwab’s฀ the฀beneficiary(ies)฀at฀any฀time.

Designated฀Beneficiary฀Plan฀is฀not฀offered,฀this฀Bank฀ If฀there฀is฀an฀Overdraft฀Credit฀Line฀(OCL)฀associated฀

Plan฀and฀your฀beneficiary฀designation฀will฀no฀longer฀ with฀your฀Investor฀Checking฀account,฀we฀may฀use฀

be฀valid.the฀funds฀in฀your฀Investor฀Checking฀account฀(or฀

C.฀Designation฀of฀Beneficiaries:฀Revocation฀and฀ other฀accounts฀you฀hold฀at฀Schwab฀Bank)฀to฀pay฀all฀

Changes฀to฀Beneficiary฀Designation.฀You฀may฀ amounts฀owing฀on฀your฀OCL฀before฀we฀distribute฀any฀

designate฀your฀Investor฀Checking฀account฀to฀be฀ funds฀to฀the฀beneficiary(ies).฀฀

payable฀on฀your฀death฀to฀a฀designated฀beneficiary(ies)฀ E.฀Suitability฀for฀You.฀You฀acknowledge฀that฀we฀

by฀naming฀them฀on,฀and฀executing,฀the฀Schwab฀ have฀not฀advised฀you฀on฀whether฀the฀Bank฀Plan฀is฀

Designated฀Beneficiary฀Plan฀Application.฀These฀ appropriate฀for฀you.฀You฀acknowledge฀that฀the฀Bank฀

Plan฀may฀have฀significant฀tax,฀estate฀planning฀or฀other฀ legal฀consequences.฀We฀recommend฀that฀you฀seek฀ advice฀from฀your฀tax฀or฀estate฀planning฀advisor฀prior฀to฀ enrolling฀in฀the฀Bank฀Plan.฀You฀further฀acknowledge฀ that฀this฀Bank฀Plan฀does฀not฀constitute฀a฀trust฀and฀ that฀Schwab฀Bank฀is฀not฀a฀trustee.฀Furthermore,฀we฀ have฀no฀fiduciary฀obligations฀to฀you฀under฀this฀Bank฀ Plan.

F.฀Indemnity.฀We฀shall฀incur฀no฀liability฀for฀any฀ payment฀made฀in฀good฀faith฀under฀this฀Bank฀Plan.฀ You,฀on฀behalf฀of฀yourself,฀your฀estate฀and฀your฀ successors-in-interest,฀including฀those฀receiving฀ payment฀as฀designated฀beneficiaries,฀agree฀to฀ indemnify฀and฀hold฀harmless฀Schwab฀Bank,฀its฀ affiliates฀and฀their฀directors,฀officers,฀employees฀and฀ agents฀from฀and฀against฀all฀claims,฀actions,฀costs฀and฀ liabilities,฀including฀attorneys’฀fees,฀arising฀out฀of฀or฀ relating฀to:

•฀ your฀failure฀to฀notify฀us฀of฀a฀change฀in฀primary฀ residence฀that฀may฀cause฀the฀Bank฀Plan฀not฀to฀be฀ applicable฀at฀the฀time฀of฀any฀account฀holder’s฀death;

•฀ any฀conflicting฀designations฀of฀the฀assets฀in฀your฀ Investor฀Checking฀account฀by฀will,฀revocable฀living฀ trust฀or฀any฀other฀instrument;

•฀ any฀written฀change฀of฀designated฀beneficiaries฀that฀ you฀have฀made฀that฀is฀not฀received฀by฀us฀during฀ your฀lifetime;฀and

•฀ any฀other฀claims฀or฀disputes฀not฀due฀to฀our฀fault฀or฀ negligence.

G.฀Governing฀Law.฀The฀Bank฀Plan฀and฀its฀provisions฀ are฀effective฀immediately฀upon฀the฀execution฀of฀ this฀application฀and฀receipt฀by฀us.฀These฀Terms฀of฀ Agreement฀with฀Schwab฀Bank฀are฀governed฀by฀ Nevada฀law฀and฀applicable฀federal฀law.

Branch฀Office฀and฀ Account฀Number

Investor฀Checking฀ Account฀Number

฀

฀