Schwab Beneficiary PDF Details

When you are creating or updating your will, it is important to include your beneficiary information. Your beneficiary is the person who will receive your assets when you die. The Schwab Beneficiary Form is a document that can be used to list your beneficiaries and their corresponding asset allocation. This form is free to download on the Schwab website.

This article features specifics of schwab beneficiary. This figure provides details about the form's length, finalization time, and the fields you'll be required to fill.

QuestionAnswer
Form NameSchwab Beneficiary
Form Length7 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min 45 sec
Other namesschwab change beneficiary online, schwab designated beneficiary plan agreement, schwab ira beneficiary form, schwab ira beneficiary change

Form Preview Example

Schwab฀Designated฀Beneficiary฀฀

Plan฀Application

www.schwab.com 1-800-435-4000 Page฀1฀of฀5

Important฀Notes฀About฀This฀Form฀

•฀ Use฀this฀form฀to฀establish฀a฀Designated฀Beneficiary฀Plan฀(“Plan”)฀for฀your฀Schwab฀One®฀Brokerage฀account,฀add฀the฀Plan฀to฀a฀new฀Schwab฀Bank฀Investor฀ Checking™฀account,฀change฀beneficiary(ies)฀on฀an฀existing฀Plan,฀or฀revoke฀an฀existing฀Plan.฀Any฀changes฀or฀revocations฀must฀be฀in฀writing.

•฀ At฀your฀death,฀or฀the฀death฀of฀the฀last฀surviving฀account฀holder,฀assets฀covered฀by฀this฀Plan฀will฀be฀distributed฀to฀the฀beneficiary(ies)฀designated฀on฀this฀form฀or฀ in฀subsequent฀revisions฀submitted฀to฀Charles฀Schwab.

•฀ If฀this฀is฀a฀joint฀account,฀the฀surviving฀account฀holder฀has฀the฀right฀to฀revoke฀the฀Plan฀or฀change฀beneficiaries฀following฀your฀death.

•฀ Schwab’s฀Designated฀Beneficiary฀Plan฀covers฀only฀assets฀in฀the฀Schwab฀One฀account฀and฀Schwab฀Bank฀Investor฀Checking฀account฀designated฀on฀this฀form.฀฀ A฀separate฀Designated฀Beneficiary฀Plan฀application฀is฀required฀for฀any฀other฀eligible฀Schwab฀One฀account฀and฀Schwab฀Bank฀Investor฀Checking฀account.

•฀ Subject฀to฀applicable฀law,฀the฀Designated฀Beneficiary฀Plan฀will฀generally฀take฀precedence฀over฀any฀estate฀planning฀vehicles฀such฀as฀a฀will฀ or฀trust.฀Please฀consult฀your฀attorney฀or฀other฀estate฀planning฀advisors฀about฀your฀specific฀situation.

•฀ If฀you฀have฀a฀Schwab฀Access®฀account฀linked฀to฀your฀Schwab฀One฀Brokerage฀account,฀the฀Schwab฀Access฀account฀will฀automatically฀assume฀the฀same฀ beneficiary(ies)฀that฀you฀designate฀for฀the฀Schwab฀One฀Brokerage฀account.

Eligibility฀Requirements฀

•฀ The฀account฀must฀be฀a฀Schwab฀One฀Brokerage฀account.฀If฀the฀account฀is฀a฀general฀brokerage฀account,฀you฀will฀need฀to฀upgrade฀the฀account฀to฀a฀Schwab฀One฀ Brokerage฀account.฀Call฀us฀for฀the฀required฀form.

•฀ Your฀account(s)฀must฀be฀registered฀as฀Individual฀or฀Joint฀Tenants฀with฀Rights฀of฀Survivorship,฀or฀Community฀Property฀with฀Rights฀of฀Survivorship฀(not฀applicable฀ for฀Schwab฀Bank฀Investor฀Checking฀accounts),฀if฀you฀reside฀in฀a฀state฀where฀that฀registration฀is฀permitted.฀Before฀changing฀your฀registration฀in฀order฀to฀become฀ eligible฀for฀the฀Plan,฀you฀should฀consult฀your฀attorney฀or฀other฀estate฀planning฀advisors.

•฀ The฀Plan฀is฀not฀available฀in฀New฀York,฀North฀Carolina฀and฀Louisiana.฀If฀your฀primary฀residence฀subsequently฀changes฀to฀a฀state฀where฀the฀Plan฀is฀not฀offered,฀ this฀designation฀will฀no฀longer฀be฀valid.฀Also,฀if฀your฀primary฀residence฀is฀outside฀the฀United฀States,฀your฀account฀is฀not฀eligible฀for฀this฀Plan.

Important฀Notes฀for฀Schwab฀Bank฀Investor฀Checking฀Clients

•฀ If฀you฀have฀a฀Schwab฀Bank฀Investor฀Checking฀account฀linked฀to฀your฀Schwab฀One฀Brokerage฀account,฀the฀Investor฀Checking฀account฀will฀automatically฀assume฀ the฀same฀beneficiary(ies)฀that฀you฀designate฀for฀the฀Schwab฀One฀Brokerage฀account.

•฀ This฀application฀to฀Schwab฀Bank฀applies฀only฀to฀the฀Investor฀Checking฀account฀specified฀in฀Section฀2.฀It฀does฀not฀apply฀to฀any฀other฀accounts฀you฀may฀have฀at฀ Schwab฀Bank.

“Schwab฀One฀Brokerage฀account”฀refers฀to฀your฀account฀with฀Charles฀Schwab฀&฀Co.,฀Inc.฀(“Schwab”),฀a฀registered฀broker-dealer,฀and฀“Schwab฀Bank฀Investor฀ Checking฀account”฀refers฀to฀your฀account฀with฀Charles฀Schwab฀Bank,฀N.A.฀(“Schwab฀Bank”).฀“Designated฀Beneficiary฀Plan”฀is฀the฀term฀Schwab฀uses฀to฀refer฀to฀its฀ Plan฀enabling฀clients฀to฀name฀beneficiaries฀on฀their฀Schwab฀One฀Brokerage฀accounts฀and฀applies฀to฀Schwab฀One฀Brokerage฀accounts฀with฀a฀linked฀Schwab฀Bank฀ Investor฀Checking฀account.฀Such฀a฀beneficiary฀arrangement฀is฀also฀referred฀to฀as฀Transfer฀on฀Death฀(TOD)฀in฀the฀securities฀industry฀and฀Payable฀on฀Death฀(POD)฀ in฀the฀banking฀industry.฀This฀form฀uses฀the฀phrase฀“Designated฀Beneficiary฀Plan,”฀but฀the฀result฀for฀your฀accounts฀is฀the฀same฀as฀it฀would฀be฀if฀the฀beneficiary฀ arrangement฀was฀referred฀to฀as฀a฀TOD฀provision฀on฀your฀Schwab฀One฀Brokerage฀account฀and฀a฀POD฀provision฀on฀your฀Schwab฀Bank฀Investor฀Checking฀account.

Charles฀Schwab฀&฀Co.,฀Inc.฀and฀Schwab฀Bank฀are฀separate฀but฀affiliated฀companies฀and฀wholly฀owned฀subsidiaries฀of฀The฀Charles฀Schwab฀Corporation.฀Brokerage฀ products฀and฀services฀are฀offered฀by฀Charles฀Schwab฀&฀Co.,฀Inc.,฀member฀SIPC,฀and฀are฀not฀FDIC-insured,฀are฀not฀guaranteed฀deposits฀or฀obligations฀of฀Charles฀ Schwab฀Bank,฀N.A.,฀and฀are฀subject฀to฀investment฀risk,฀including฀possible฀loss฀of฀the฀principal฀invested.฀Deposit฀and฀lending฀products฀and฀services฀are฀offered฀by฀ Schwab฀Bank,฀member฀FDIC,฀an฀Equal฀Housing฀Lender.

.

Non-Deposit฀Investment฀Products:฀Not฀FDIC-Insured฀•฀No฀Bank฀Guarantee฀•฀May฀Lose฀Value฀

IW

©2005฀Charles฀Schwab.฀ All฀rights฀reserved.฀ ฀ FTA฀00033฀(0505-6998)฀APP10780-11฀(05/05)

Page฀2฀of฀5

1.฀ Indicate฀Action฀(Check฀one฀box฀only.)

Add฀new฀Plan.฀(Check฀this฀box฀and฀complete฀all฀remaining฀sections.)

Add฀Plan฀to฀a฀new฀Investor฀Checking฀account.฀(Check฀this฀box฀and฀complete฀all฀remaining฀sections.)

Change฀beneficiaries฀on฀an฀existing฀Plan.฀(Check฀this฀box฀and฀complete฀Sections฀2,฀3,฀4,฀5฀and฀8.)

Revoke฀an฀existing฀Plan.฀(Check฀this฀box฀and฀complete฀Sections฀2฀and฀8.)

2.฀ Account฀Information

We฀respect฀your฀privacy.฀Schwab฀and฀Schwab฀Bank฀may฀use฀the฀information฀you฀provide฀to฀communicate฀with฀you฀and฀provide฀information฀about฀products฀and฀services.฀

Read฀about฀the฀privacy฀policies฀of฀Charles฀Schwab฀&฀Co.,฀Inc.฀at฀www.schwab.com/privacy฀and฀Charles฀Schwab฀Bank,฀N.A.฀at฀www.schwabbank.com/privacy.do.฀

As฀required฀by฀federal฀law,฀we฀will฀use฀the฀information฀you฀provided฀to฀Schwab฀and฀Schwab฀Bank฀to฀verify฀your฀identity.

Account฀Holder(s)฀Name(s)

Legal฀Residence฀Address฀

City฀

State฀

Zip฀Code

Schwab฀One®฀Brokerage

Account฀Number

If฀you฀have฀a฀Schwab฀Access®฀account,฀please฀provide฀your฀account฀number฀if฀it฀is฀associated฀with฀the฀Schwab฀One฀Brokerage฀account฀listed฀above:฀

Schwab฀Access

Account฀Number

If฀you฀have฀a฀Schwab฀Bank฀Investor฀Checking™฀account,฀please฀provide฀your฀account฀number฀if฀it฀is฀linked฀with฀the฀Schwab฀One฀Brokerage฀account฀listed฀above:฀

Schwab฀Bank฀Investor

Checking฀Account฀Number

Check฀this฀box฀if฀you฀are฀opening฀a฀new฀Investor฀Checking฀account฀and฀you฀do฀not฀yet฀have฀an฀account฀number.

3.฀ Designate฀Your฀Primary฀Beneficiaries

At฀the฀death฀of฀the฀account฀holder฀or,฀in฀the฀case฀of฀a฀joint฀account,฀at฀the฀death฀of฀the฀last฀surviving฀account฀holder,฀all฀of฀the฀assets฀in฀the฀account฀shall฀be฀ transferred฀to฀the฀following฀beneficiaries฀who฀survive฀the฀last฀surviving฀account฀holder฀by฀120฀hours.฀Unless฀different฀percentages฀are฀indicated฀below,฀the฀assets฀ in฀the฀account฀shall฀be฀divided฀equally฀among฀the฀beneficiaries.฀If฀you฀designate฀more฀than฀one฀beneficiary,฀please฀make฀sure฀the฀percentages฀add฀up฀to฀100%.

If฀you฀would฀like฀to฀list฀additional฀primary฀or฀contingent฀beneficiaries,฀please฀attach฀the฀information฀to฀this฀form.฀Please฀make฀sure฀that฀you฀clearly฀indicate฀primary฀ beneficiaries฀and฀any฀contingent฀beneficiaries฀and฀percentages฀they฀are฀to฀receive.

If฀you฀later฀wish฀to฀change฀one฀or฀more฀beneficiaries,฀you฀must฀complete฀an฀entirely฀new฀Schwab฀Designated฀Beneficiary฀Plan฀Application,฀listing฀all฀beneficiaries฀ and฀their฀respective฀percentages.

Designated฀%฀

Social฀Security฀Number฀(or฀Trust’s฀Tax฀ID฀Number)฀

Name฀(or฀Name฀of฀Trust฀and฀Trustees฀and฀Date฀of฀Trust)

 

 

 

 

 

 

 

 

 

 

 

Home฀Street฀Address฀(no฀P.O.฀boxes฀please)฀

 

 

 

City฀

 

 

State฀

Zip฀Code

 

 

 

 

 

 

 

 

 

 

 

Relationship฀

 

 

Telephone฀Number฀

 

 

 

Date฀of฀Birth฀(mm/dd/yyyy)

 

 

 

(฀

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Country(ies)฀of฀Citizenship฀(Must฀list฀all.)฀฀฀฀฀฀฀

 

 

 

Country฀of฀Legal฀Residence฀

 

฀USA฀฀ ฀Other:฀___________________________฀฀

฀Other:฀___________________________฀

฀USA฀฀฀

฀Other:฀________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

Designated฀%฀

Social฀Security฀Number฀(or฀Trust’s฀Tax฀ID฀Number)฀

Name฀(or฀Name฀of฀Trust฀and฀Trustees฀and฀Date฀of฀Trust)

 

 

 

 

 

 

 

 

 

 

 

Home฀Street฀Address฀(no฀P.O.฀boxes฀please)฀

 

 

 

City฀

 

 

State฀

Zip฀Code

 

 

 

 

 

 

 

 

 

 

Relationship฀

 

 

Telephone฀Number฀

 

 

 

Date฀of฀Birth฀(mm/dd/yyyy)

 

 

 

(฀

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Country(ies)฀of฀Citizenship฀(Must฀list฀all.)฀฀฀฀฀฀฀

 

 

 

Country฀of฀Legal฀Residence฀

 

฀USA฀฀ ฀Other:฀___________________________฀฀

฀Other:฀___________________________฀

฀USA฀฀฀

฀Other:฀________________________________

 

 

 

 

 

 

 

 

 

 

Designated฀%฀

Social฀Security฀Number฀(or฀Trust’s฀Tax฀ID฀Number)฀

Name฀(or฀Name฀of฀Trust฀and฀Trustees฀and฀Date฀of฀Trust)

 

 

 

 

 

 

 

 

 

 

 

Home฀Street฀Address฀(no฀P.O.฀boxes฀please)฀

 

 

 

City฀

 

 

State฀

Zip฀Code

 

 

 

 

 

 

 

 

 

 

Relationship฀

 

 

Telephone฀Number฀

 

 

 

Date฀of฀Birth฀(mm/dd/yyyy)

 

 

 

(฀

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Country(ies)฀of฀Citizenship฀(Must฀list฀all.)฀฀฀฀฀฀฀

 

 

 

Country฀of฀Legal฀Residence฀

 

฀USA฀฀ ฀Other:฀___________________________฀฀

฀Other:฀___________________________฀

฀USA฀฀฀

฀Other:฀________________________________

 

 

 

 

 

 

 

 

 

 

 

 

IW

©2005฀Charles฀Schwab.฀ All฀rights฀reserved.฀ ฀ FTA฀00033฀(0505-6998)฀APP10780-11฀(05/05)

Page฀3฀of฀5

4.฀ Designate฀Your฀Contingent฀Beneficiaries

If฀any฀primary฀beneficiary฀listed฀in฀Section฀3฀is฀not฀living฀at฀the฀death฀of฀the฀last฀surviving฀account฀holder,฀or฀does฀not฀survive฀the฀last฀surviving฀account฀holder฀by฀

120฀hours,฀or฀disclaims฀the฀assets,฀that฀beneficiary’s฀share฀shall฀pass฀to:

Please฀check฀one:

A.฀ ฀The฀other฀primary฀beneficiary(ies)฀pro฀rata฀(proportionate฀to฀the฀designated฀percentages).

B.฀ ฀My฀estate฀and฀go฀through฀probate.

C.฀ ฀The฀following฀contingent฀beneficiaries฀proportionate฀to฀the฀designated฀percentages฀indicated฀below.

If฀none฀of฀the฀above฀boxes฀is฀selected,฀and฀my฀primary฀beneficiary฀listed฀in฀Section฀3฀is฀not฀living฀at฀the฀death฀of฀the฀last฀surviving฀account฀holder,฀ or฀does฀not฀survive฀the฀last฀surviving฀account฀holder฀by฀120฀hours,฀or฀disclaims฀the฀assets,฀that฀beneficiary’s฀share฀shall฀pass฀to฀the฀other฀primary฀ beneficiary(ies)฀pro฀rata฀(proportionate฀to฀the฀designated฀percentages).฀

Unless฀different฀percentages฀are฀indicated,฀those฀assets฀shall฀be฀divided฀equally฀among฀the฀contingent฀beneficiaries฀below.฀

Designated฀%฀

Social฀Security฀Number฀(or฀Trust’s฀Tax฀ID฀Number)฀

Name฀(or฀Name฀of฀Trust฀and฀Trustees฀and฀Date฀of฀Trust)

 

 

 

 

 

 

 

 

 

 

 

Home฀Street฀Address฀(no฀P.O.฀boxes฀please)฀

 

 

 

City฀

 

 

State฀

Zip฀Code

 

 

 

 

 

 

 

 

 

 

 

Relationship฀

 

 

Telephone฀Number฀

 

 

 

Date฀of฀Birth฀(mm/dd/yyyy)

 

 

 

(฀

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Country(ies)฀of฀Citizenship฀(Must฀list฀all.)฀฀฀฀฀฀฀

 

 

 

Country฀of฀Legal฀Residence฀

 

฀USA฀฀ ฀Other:฀___________________________฀฀

฀Other:฀___________________________฀

฀USA฀฀฀

฀Other:฀________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Designated฀%฀

Social฀Security฀Number฀(or฀Trust’s฀Tax฀ID฀Number)฀

Name฀(or฀Name฀of฀Trust฀and฀Trustees฀and฀Date฀of฀Trust)

 

 

 

 

 

 

 

 

 

 

 

Home฀Street฀Address฀(no฀P.O.฀boxes฀please)฀

 

 

 

City฀

 

 

State฀

Zip฀Code

 

 

 

 

 

 

 

 

 

 

 

Relationship฀

 

 

Telephone฀Number฀

 

 

 

Date฀of฀Birth฀(mm/dd/yyyy)

 

 

 

(฀

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Country(ies)฀of฀Citizenship฀(Must฀list฀all.)฀฀฀฀฀฀฀

 

 

 

Country฀of฀Legal฀Residence฀

 

฀USA฀฀ ฀Other:฀___________________________฀฀

฀Other:฀___________________________฀

฀USA฀฀฀

฀Other:฀________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Designated฀%฀

Social฀Security฀Number฀(or฀Trust’s฀Tax฀ID฀Number)฀

Name฀(or฀Name฀of฀Trust฀and฀Trustees฀and฀Date฀of฀Trust)

 

 

 

 

 

 

 

 

 

 

 

Home฀Street฀Address฀(no฀P.O.฀boxes฀please)฀

 

 

 

City฀

 

 

State฀

Zip฀Code

 

 

 

 

 

 

 

 

 

 

 

Relationship฀

 

 

Telephone฀Number฀

 

 

 

Date฀of฀Birth฀(mm/dd/yyyy)

 

 

 

(฀

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Country(ies)฀of฀Citizenship฀(Must฀list฀all.)฀฀฀฀฀฀฀

 

 

 

Country฀of฀Legal฀Residence฀

 

฀USA฀฀ ฀Other:฀___________________________฀฀

฀Other:฀___________________________฀

฀USA฀฀฀

฀Other:฀________________________________

 

 

 

 

 

 

 

 

 

 

 

 

Should฀all฀designated฀primary฀and฀contingent฀beneficiary(ies)฀disclaim฀the฀assets,฀predecease฀the฀account฀holder฀or฀not฀survive฀the฀last฀surviving฀account฀holder฀ by฀120฀hours,฀the฀assets฀will฀be฀distributed฀to฀the฀last฀surviving฀account฀holder’s฀estate.

5.฀ Directions฀for฀Distributions฀of฀Assets฀to฀Minor฀Beneficiaries฀

Please฀check฀one:

A.฀ ฀None฀of฀my฀designated฀beneficiaries฀is฀a฀minor.

B.฀ ฀฀Please฀transfer฀any฀minor’s฀assets฀to฀a฀custodial฀account฀at฀Charles฀Schwab฀&฀Co.฀(and฀Schwab฀Bank,฀if฀Schwab฀One®฀Brokerage฀account฀is฀linked฀to฀a฀ Schwab฀Bank฀Investor฀Checking฀account),฀managed฀by฀the฀custodian(s)฀designated฀below.฀In฀each฀instance฀that฀the฀assets฀pass฀to฀the฀designated฀cus- todian฀as฀the฀custodian฀for฀the฀designated฀minor,฀the฀assets฀shall฀be฀transferred฀under฀the฀Uniform฀Transfer฀to฀Minors฀Act฀(UTMA)฀or฀the฀Uniform฀Gift฀to฀ Minors฀Act฀(UGMA)฀or฀any฀other฀similar฀statute฀in฀effect฀as฀specified฀below.

C.฀ ฀฀I฀understand฀and฀accept฀that฀a฀court-appointed฀guardian฀may฀have฀to฀be฀appointed฀to฀manage฀the฀minor’s฀assets฀under฀ongoing฀court฀supervision฀if฀I฀do฀ not฀check฀“B”฀above.

If฀you฀have฀checked฀“B,”฀please฀list฀the฀custodian฀for฀each฀minor฀beneficiary.

Name฀of฀Custodian฀

As฀Custodian฀for฀(Name฀of฀Minor฀Beneficiary)

Under฀the฀UTMA/UGMA฀laws฀of฀the฀state฀of฀___________________฀until฀age฀_________________฀.

 

 

Name฀of฀Custodian฀

As฀Custodian฀for฀(Name฀of฀Minor฀Beneficiary)

Under฀the฀UTMA/UGMA฀laws฀of฀the฀state฀of฀___________________฀until฀age฀_________________฀.

 

 

Name฀of฀Custodian฀

As฀Custodian฀for฀(Name฀of฀Minor฀Beneficiary)

Under฀the฀UTMA/UGMA฀laws฀of฀the฀state฀of฀___________________฀until฀age฀_________________฀.

 

 

Name฀of฀Custodian฀

As฀Custodian฀for฀(Name฀of฀Minor฀Beneficiary)

Under฀the฀UTMA/UGMA฀laws฀of฀the฀state฀of฀___________________฀until฀age฀_________________฀.

 

 

IW

©2005฀Charles฀Schwab.฀ All฀rights฀reserved.฀ ฀ FTA฀00033฀(0505-6998)฀APP10780-11฀(05/05)

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6.฀ Designated฀Beneficiary฀Plan฀Terms฀of฀Agreement฀with฀Charles฀Schwab฀&฀Co.,฀Inc.

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.฀

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©2005฀Charles฀Schwab.฀ All฀rights฀reserved.฀ ฀ FTA฀00033฀(0505-6998)฀APP10780-11฀(05/05)

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7.฀ Designated฀Beneficiary฀Plan—Investor฀Checking฀Account:฀Terms฀of฀Agreement฀with฀Schwab฀Bank

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.

8.฀ Account฀Holder฀Authorization

By฀signing฀below,฀I/we฀request฀Charles฀Schwab฀&฀Co.,฀Inc.฀to฀accept฀the฀beneficiary(ies)฀for฀my/our฀accounts,฀as฀specified฀on฀this฀application฀(or฀to฀revoke฀an฀ existing฀Plan,฀if฀that฀box฀is฀checked฀in฀Section฀1฀of฀this฀application).฀I/we฀acknowledge฀and฀agree฀to฀the฀Designated฀Beneficiary฀Plan฀Terms฀of฀Agreement฀with฀ Charles฀Schwab฀&฀Co.,฀Inc.฀

Schwab฀Bank฀Investor฀CheckingTM฀Account:฀If฀I/we฀have฀provided฀an฀account฀number฀for฀an฀Investor฀Checking฀account฀in฀Section฀2฀of฀this฀application฀ (or฀checked฀the฀box฀indicating฀a฀new฀Investor฀Checking฀account),฀I/we฀additionally฀request฀Schwab฀Bank฀to฀accept฀the฀beneficiary(ies)฀for฀my/our฀Investor฀ Checking฀account฀as฀specified฀on฀this฀application฀(or฀to฀revoke฀an฀existing฀Plan,฀if฀that฀box฀is฀checked฀in฀Section฀1฀of฀this฀application).฀I/we฀agree฀to฀the฀ Terms฀of฀Agreement฀with฀Schwab฀Bank฀for฀the฀Designated฀Beneficiary฀Plan—Investor฀Checking฀Account.฀I/we฀acknowledge฀that฀I/we฀have฀received฀a฀ copy฀of฀these฀Agreement(s).฀

All฀account฀holders฀must฀sign.

Signature(s)

 

 

 

 

X

 

 

 

Required

Account฀Holder’s฀Signature฀

Date

 

 

 

 

 

 

 

 

 

 

฀ ฀

X

 

 

 

Additional฀Account฀Holder’s฀Signature฀

Date

 

 

 

 

 

 

 

฀FOR฀CHARLES฀SCHWAB฀USE฀ONLY:

Branch฀Office฀and฀ Account฀Number

Investor฀Checking฀ Account฀Number

IW

©2005฀Charles฀Schwab.฀ All฀rights฀reserved.฀ ฀ FTA฀00033฀(0505-6998)฀APP10780-11฀(05/05)

Designated฀Beneficiary฀Plan฀Terms฀of฀Agreement฀฀ with฀Charles฀Schwab฀&฀Co.,฀Inc.

These฀terms฀relate฀to฀your฀account฀and฀are฀part฀of฀the฀Account฀Agreement฀between฀each฀account฀holder฀and฀Schwab.฀ Please฀retain฀for฀your฀files.

A.฀Amendment฀and฀Account฀Agreement.฀The฀

If฀it฀cannot฀be฀determined฀whether฀a฀beneficiary฀฀

date฀of฀birth฀or฀relationship฀to฀account฀holder.฀We฀

Designated฀Beneficiary฀Plan฀(the฀“Plan”)฀adds฀to,฀but฀

survived฀the฀account฀holder฀by฀120฀hours,฀the฀benefi-

will฀have฀no฀responsibility฀for฀locating฀designated฀

does฀not฀replace฀any฀of,฀the฀terms฀and฀conditions฀

ciary฀will฀be฀deemed฀not฀to฀have฀survived฀that฀period.฀

beneficiaries.฀We฀reserve฀the฀right,฀in฀our฀sole฀

of฀your฀Schwab฀One®฀or฀Schwab฀Access®฀Account฀

E.฀Revocation฀and฀Changes฀to฀Beneficiary฀

discretion,฀to฀require฀additional฀documentation,฀to฀

Agreements฀and฀any฀other฀agreements฀between฀you฀

consult฀counsel,฀and฀to฀institute฀legal฀proceedings฀in฀

Designations.฀You฀may฀change฀your฀named฀฀

and฀Schwab฀that฀apply฀to฀your฀accounts฀with฀Charles฀

order฀to฀determine฀the฀proper฀distribution฀of฀account฀

beneficiaries,฀change฀the฀percentages฀that฀you฀wish฀

Schwab฀&฀Co.,฀Inc.฀(“Schwab”).฀The฀Plan฀consists฀

assets,฀which฀shall฀be฀at฀the฀expense฀of฀the฀account.฀

to฀distribute,฀or฀revoke฀your฀entire฀Plan฀at฀any฀time.฀

of฀the฀Plan฀Application,฀including฀the฀Plan฀Terms฀of฀

 

A฀subsequent฀beneficiary฀designation฀automatically฀

Schwab฀reserves฀the฀right฀to฀withhold฀a฀certain฀

Agreement,฀and฀any฀other฀agreements฀between฀you฀and฀

revokes฀a฀prior฀designation฀of฀all฀beneficiaries,฀in฀its฀

portion฀of฀the฀proceeds฀payable฀to฀any฀beneficiary,฀฀

Schwab฀that฀apply฀to฀the฀Plan.฀If฀any฀of฀the฀Plan฀Terms฀

entirety,฀when฀it฀becomes฀effective.฀In฀order฀to฀be฀

the฀distribution฀to฀whom฀would฀be฀subject฀to฀tax฀under฀

of฀Agreement฀should฀conflict฀with฀those฀of฀any฀other฀

effective,฀these฀changes฀must฀be฀made฀in฀writing,฀

Chapter฀13฀(Generation-Skipping฀Tax)฀or฀any฀other฀

agreements฀that฀apply฀to฀your฀Schwab฀One฀or฀Schwab฀

signed฀by฀all฀living฀account฀holders฀and฀delivered฀to฀

provision฀of฀the฀Internal฀Revenue฀Code,฀or฀under฀

Access฀accounts,฀as฀they฀may฀be฀amended฀from฀time฀

Schwab฀prior฀to฀the฀account฀holder’s฀death.฀Schwab฀

applicable฀state฀laws.฀

to฀time,฀the฀Plan฀Terms฀of฀Agreement฀will฀control.฀

will฀not฀honor฀any฀change฀of฀beneficiary฀made฀in฀a฀will฀

G.฀Suitability฀of฀the฀Plan฀for฀You.฀You฀acknowledge฀

Unless฀otherwise฀defined,฀capitalized฀terms฀in฀the฀Plan฀

or฀trust,฀except฀as฀required฀by฀court฀order฀delivered฀to฀

that฀Schwab฀has฀not฀advised,฀nor฀will฀advise,฀you฀

Terms฀of฀Agreement฀have฀the฀same฀meaning฀as฀in฀the฀

Schwab.฀

on฀whether฀the฀Plan฀is฀appropriate฀for฀you.฀You฀

Schwab฀One฀or฀Schwab฀Access฀Account฀Agreements.

 

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

acknowledge฀that฀a฀Plan฀is฀a฀substitute฀for฀a฀will,฀

B.฀Limited฀Availability.฀Only฀Schwab฀One฀or฀

duly฀authorized฀and฀acting฀representative฀of฀the฀

trust฀or฀other฀testamentary฀disposition฀of฀those฀

Schwab฀Access฀accounts฀with฀Individual฀or฀Joint฀

account฀holder฀may฀change฀or฀revoke฀the฀beneficiary฀

assets฀subject฀to฀the฀Plan฀designation฀and฀may฀

Tenants฀with฀Rights฀of฀Survivorship฀(or฀Community฀

designation฀only฀if฀specifically฀authorized฀by฀a฀court฀

have฀significant฀tax,฀estate฀planning฀or฀other฀legal฀

Property฀with฀Rights฀of฀Survivorship)฀registrations฀are฀

order฀or฀other฀instrument฀of฀appointment฀delivered฀

consequences.฀Schwab฀recommends฀that฀you฀seek฀

eligible฀for฀the฀Plan.฀Accounts฀registered฀as฀Tenants-

and฀acceptable฀to฀Schwab.

advice฀from฀your฀tax฀or฀estate฀planning฀advisor฀prior฀฀

in-Common฀or฀Community฀Property฀without฀Rights฀of฀

Changes฀in฀the฀relationship฀between฀the฀account฀

to฀enrolling฀in฀the฀Plan.

Survivorship฀(and฀IRAs฀or฀other฀retirement฀accounts)฀

 

holder(s)฀and฀any฀designated฀beneficiary,฀including,฀

You฀further฀acknowledge฀that฀this฀Plan฀does฀not฀

are฀ineligible.฀Your฀primary฀residence฀must฀be฀in฀a฀

but฀not฀limited฀to,฀subsequent฀marriage,฀dissolution฀฀

constitute฀a฀trust฀and฀that฀Schwab฀has฀no฀fiduciary฀

state฀in฀which฀Schwab฀offers฀the฀Plan.฀By฀enrolling฀

of฀marriage,฀remarriage฀or฀adoption,฀will฀not฀automati-

duty฀as฀a฀trustee฀under฀this฀Plan.฀

in฀the฀Plan,฀you฀represent฀to฀us฀that฀your฀primary฀

cally฀add฀or฀revoke฀designations฀of฀beneficiaries.฀

 

residence฀is฀in฀one฀of฀these฀states.฀You฀understand฀

H.฀Indemnity.฀Schwab฀shall฀incur฀no฀liability฀for฀

For฀example,฀if฀a฀former฀spouse฀was฀a฀designated฀

that฀the฀Plan฀automatically฀terminates฀at฀any฀time฀you฀

any฀payment฀made฀in฀good฀faith฀pursuant฀to฀the฀

beneficiary฀prior฀to฀dissolution฀of฀the฀marriage,฀the฀

no฀longer฀have฀a฀primary฀residence฀in฀a฀state฀that฀

Plan.฀You,฀on฀behalf฀of฀yourself,฀your฀estate฀and฀your฀

former฀spouse฀would฀remain฀a฀beneficiary฀after฀

allows฀for฀the฀Plan,฀in฀which฀event฀all฀designations฀

successors-in-interest,฀including฀those฀receiving฀

the฀dissolution฀unless฀his฀or฀her฀designation฀as฀a฀

cease฀having฀any฀legal฀effect.฀It฀is฀your฀responsibility฀

payment฀as฀designated฀beneficiaries,฀agree฀to฀

beneficiary฀was฀expressly฀revoked฀in฀writing฀that฀was฀

to฀notify฀us฀in฀writing฀when฀your฀primary฀residence฀

indemnify฀and฀hold฀harmless฀Schwab,฀its฀affiliates฀and฀

received฀by฀Schwab.฀

ceases฀to฀be฀in฀an฀eligible฀state,฀and฀we฀will฀then฀

their฀directors,฀officers,฀employees฀and฀agents฀from฀

 

cancel฀your฀enrollment฀in฀the฀Plan.฀If฀you฀reestablish฀

F.฀Payment฀on฀Death.฀Beneficiary฀designations฀

and฀against฀all฀claims,฀actions,฀costs฀and฀liabilities,฀

a฀primary฀residence฀in฀a฀state฀where฀Schwab฀offers฀

under฀your฀Plan฀will฀not฀be฀effective฀until฀the฀death฀

including฀attorneys’฀fees,฀arising฀out฀of฀or฀relating฀to:

the฀Plan,฀you฀must฀complete฀a฀new฀Designated฀

of฀the฀last฀surviving฀account฀holder.฀If฀this฀is฀a฀joint฀

•฀ your฀failure฀to฀notify฀Schwab฀of฀a฀change฀in฀primary฀

Beneficiary฀Plan฀Application,฀and฀you฀are฀subject฀

account,฀the฀surviving฀account฀holder฀has฀the฀right฀

residence฀or฀domicile฀that฀may฀cause฀the฀Plan฀not฀

to฀new฀set-up฀fees.฀If฀you฀have฀any฀questions฀as฀to฀

to฀revoke฀the฀Plan฀or฀change฀beneficiaries฀after฀your฀

to฀be฀applicable฀at฀the฀time฀of฀the฀account฀holder’s฀

whether฀your฀primary฀residence฀is฀in฀a฀state฀where฀

death.฀All฀assets฀in฀your฀Plan฀must฀be฀held฀at฀Schwab฀

death;

Schwab฀offers฀the฀Plan,฀please฀visit฀www.schwab.com฀

in฀order฀to฀be฀distributed฀to฀the฀named฀beneficiaries฀

•฀ any฀conflicting฀designations฀of฀the฀assets฀in฀your฀

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,฀

account฀by฀will,฀revocable฀living฀trust฀or฀any฀other฀

instrument;

dividends,฀etc.,฀associated฀with฀these฀account฀assets฀

to฀enroll฀in฀the฀Plan.฀After฀the฀last฀account฀holder’s฀

 

but฀not฀paid฀or฀credited฀before฀the฀death฀of฀the฀last฀

•฀ any฀written฀change฀of฀designated฀beneficiaries฀

death,฀any฀assets฀in฀the฀account฀that฀are฀transferred฀

out฀of฀Schwab฀in฀certificate฀form฀will฀be฀assessed฀the฀

surviving฀account฀holder.฀Schwab฀has฀no฀duty฀to฀

that฀you฀have฀made฀that฀is฀not฀received฀by฀Schwab฀

fees฀then฀being฀charged฀by฀Schwab฀to฀distribute฀in฀

withhold฀a฀transfer฀based฀on฀knowledge฀of฀an฀adverse฀

during฀the฀lifetime฀of฀the฀account฀holder;฀and

certificate฀form.

claim฀unless฀written฀notice฀is฀given฀of฀that฀claim฀that฀

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

affords฀Schwab฀reasonable฀opportunity฀to฀act฀prior฀

D.฀Designation฀of฀Beneficiaries.฀You฀must฀desig-

fault฀or฀negligence.

to฀making฀the฀transfer.฀It฀is฀the฀responsibility฀of฀each฀

nate฀your฀beneficiaries฀in฀writing฀on฀the฀form฀provided.฀

I.฀Governing฀Law.฀The฀Plan฀and฀its฀provisions฀

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:฀฀

are฀effective฀immediately฀upon฀the฀execution฀of฀

will฀share฀in฀the฀account฀proceeds.฀The฀designation฀of฀

(1)฀a฀completed฀Designated฀Beneficiary฀Plan฀

this฀application฀and฀receipt฀by฀Schwab.฀The฀Plan฀is฀

named฀individuals฀who฀may฀be฀in฀the฀same฀class฀as฀

Distribution฀Form;฀(2)฀a฀certified฀copy฀of฀the฀death฀

governed฀by฀California฀law฀and฀applicable฀federal฀law,฀

other฀individuals฀(e.g.,฀children฀and฀grandchildren)฀will฀

certificate;฀(3)฀a฀notarized฀Affidavit฀of฀Domicile;฀and฀฀

as฀applied฀to฀contracts฀entered฀into฀and฀completely฀

not฀automatically฀include฀the฀other฀members฀of฀the฀

(4)฀a฀tax฀waiver฀if฀required฀by฀state฀law.฀Furthermore,฀it฀

performed฀within฀California.฀

class,฀regardless฀of฀the฀class฀before฀or฀after฀the฀date฀

may฀be฀necessary฀to฀require฀proof฀of฀the฀beneficiary’s฀

 

of฀this฀application.

 

 

 

IW

©2005฀Charles฀Schwab.฀ All฀rights฀reserved.฀ ฀ FTA฀00033฀(0505-6998)฀APP10780A-11฀(05/05)

Designated฀Beneficiary฀Plan—฀

Investor฀Checking฀Account฀฀

Terms฀of฀Agreement฀with฀Schwab฀Bank

These฀terms฀relate฀to฀your฀account฀and฀are฀part฀of฀the฀Account฀Agreement฀between฀each฀account฀holder฀and฀Schwab฀ Bank.฀Please฀retain฀for฀your฀files.

Throughout฀this฀agreement,฀the฀words฀“you,”฀“your”฀and฀

designations฀will฀remain฀in฀effect฀until฀changed฀or฀

Plan฀may฀have฀significant฀tax,฀estate฀planning฀or฀other฀

“yours”฀refer฀to฀each฀account฀holder.฀“Schwab฀Bank,”฀

cancelled฀by฀you.฀During฀your฀lifetime,฀this฀account฀

legal฀consequences.฀We฀recommend฀that฀you฀seek฀

“we,”฀“us”฀and฀“our”฀refer฀to฀Charles฀Schwab฀Bank,฀N.A.฀

belongs฀to฀you.฀You฀may฀close฀the฀account,฀remove฀or฀

advice฀from฀your฀tax฀or฀estate฀planning฀advisor฀prior฀to฀

Any฀capitalized฀terms฀not฀defined฀in฀these฀Terms฀of฀

add฀a฀beneficiary,฀change฀the฀account฀type฀or฀account฀

enrolling฀in฀the฀Bank฀Plan.฀You฀further฀acknowledge฀

Agreement฀with฀Schwab฀Bank฀can฀be฀found฀in฀your฀

ownership,฀and฀withdraw฀all฀or฀part฀of฀the฀account฀

that฀this฀Bank฀Plan฀does฀not฀constitute฀a฀trust฀and฀

Schwab฀Bank฀Deposit฀Account฀Agreement.฀

balance.฀Any฀designation,฀revocation฀or฀change฀to฀

that฀Schwab฀Bank฀is฀not฀a฀trustee.฀Furthermore,฀we฀

A.฀Amendment฀and฀Account฀Agreement.฀This฀

a฀beneficiary฀designation฀must฀be฀authorized฀by฀all฀

have฀no฀fiduciary฀obligations฀to฀you฀under฀this฀Bank฀

surviving฀account฀holders.฀฀

Plan.

“Designated฀Beneficiary฀Plan—Investor฀Checking฀

 

 

Account:฀Terms฀of฀Agreement฀with฀Schwab฀Bank”฀

D.฀Payment฀on฀Death.฀Upon฀the฀death฀of฀the฀holder฀

F.฀Indemnity.฀We฀shall฀incur฀no฀liability฀for฀any฀

supplements฀and฀is฀part฀of฀the฀Schwab฀Bank฀Deposit฀

or,฀if฀there฀are฀co-holders,฀the฀last฀surviving฀co-

payment฀made฀in฀good฀faith฀under฀this฀Bank฀Plan.฀

Account฀Agreement,฀which฀includes฀an฀arbitration฀

holder,฀any฀Available฀Funds฀remaining฀in฀the฀Investor฀

You,฀on฀behalf฀of฀yourself,฀your฀estate฀and฀your฀

provision,฀which฀you฀received฀at฀account฀opening.฀

Checking฀account฀belong฀to฀the฀then-surviving฀(if฀

successors-in-interest,฀including฀those฀receiving฀

The฀Designated฀Beneficiary฀Plan฀with฀Schwab฀Bank฀

any)฀beneficiary(ies),฀subject฀to฀our฀right฀to฀charge฀

payment฀as฀designated฀beneficiaries,฀agree฀to฀

(the฀“Bank฀Plan”)฀consists฀of฀the฀Schwab฀Designated฀

the฀account฀for฀any฀amount฀the฀deceased฀holder,฀

indemnify฀and฀hold฀harmless฀Schwab฀Bank,฀its฀

Beneficiary฀Plan฀Application฀and฀these฀Terms฀of฀

co-holder฀or฀beneficiary฀owes฀us.฀A฀beneficiary฀will฀

affiliates฀and฀their฀directors,฀officers,฀employees฀and฀

Agreement฀with฀Schwab฀Bank.฀If฀there฀is฀a฀conflict฀

acquire฀an฀interest฀in฀the฀Investor฀Checking฀account฀

agents฀from฀and฀against฀all฀claims,฀actions,฀costs฀and฀

between฀the฀terms฀in฀the฀Bank฀Plan฀and฀the฀terms฀

only฀after฀the฀death฀of฀all฀account฀holders฀and฀then฀

liabilities,฀including฀attorneys’฀fees,฀arising฀out฀of฀or฀

of฀any฀other฀agreement฀that฀applies฀to฀your฀Investor฀

only฀if฀the฀beneficiary(ies)฀is฀(are)฀alive.฀Upon฀your฀

relating฀to:

Checking฀account,฀the฀terms฀in฀the฀Bank฀Plan฀shall฀

death,฀the฀Available฀Funds฀in฀your฀Investor฀Checking฀

•฀ your฀failure฀to฀notify฀us฀of฀a฀change฀in฀primary฀

control.฀

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

residence฀that฀may฀cause฀the฀Bank฀Plan฀not฀to฀be฀

 

property฀of,฀and฀payable฀to,฀the฀beneficiary(ies)฀

B.฀Limited฀Availability.฀Only฀Investor฀Checking฀

applicable฀at฀the฀time฀of฀any฀account฀holder’s฀death;

listed฀on฀this฀application฀who฀survive(s)฀the฀last฀

accounts฀with฀Individual฀or฀Joint฀Tenants฀with฀Rights฀

•฀ any฀conflicting฀designations฀of฀the฀assets฀in฀your฀

surviving฀account฀holder฀by฀120฀hours.฀If฀it฀cannot฀

of฀Survivorship฀registrations฀are฀eligible฀for฀the฀Bank฀

Investor฀Checking฀account฀by฀will,฀revocable฀living฀

be฀determined฀whether฀a฀beneficiary฀survived฀the฀

Plan.฀Other฀registration฀types฀are฀ineligible฀for฀the฀

trust฀or฀any฀other฀instrument;

account฀holder฀by฀120฀hours,฀the฀beneficiary฀will฀be฀

Bank฀Plan.฀Your฀primary฀residence฀must฀be฀within฀the฀

 

deemed฀not฀to฀have฀survived฀that฀period.฀Please฀be฀

•฀ any฀written฀change฀of฀designated฀beneficiaries฀that฀

United฀States฀in฀a฀state฀where฀Schwab’s฀Designated฀

advised฀that฀surviving฀account฀holders฀may฀change฀

you฀have฀made฀that฀is฀not฀received฀by฀us฀during฀

Beneficiary฀Plan฀is฀offered.฀If฀your฀primary฀residence฀

the฀beneficiary(ies)฀at฀any฀time.

your฀lifetime;฀and

subsequently฀changes฀to฀a฀state฀where฀Schwab’s฀

 

 

Designated฀Beneficiary฀Plan฀is฀not฀offered,฀this฀Bank฀

If฀there฀is฀an฀Overdraft฀Credit฀Line฀(OCL)฀associated฀

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

Plan฀and฀your฀beneficiary฀designation฀will฀no฀longer฀

with฀your฀Investor฀Checking฀account,฀we฀may฀use฀

negligence.

be฀valid.

the฀funds฀in฀your฀Investor฀Checking฀account฀(or฀

G.฀Governing฀Law.฀The฀Bank฀Plan฀and฀its฀provisions฀

C.฀Designation฀of฀Beneficiaries:฀Revocation฀and฀

other฀accounts฀you฀hold฀at฀Schwab฀Bank)฀to฀pay฀all฀

are฀effective฀immediately฀upon฀the฀execution฀of฀

amounts฀owing฀on฀your฀OCL฀before฀we฀distribute฀any฀

Changes฀to฀Beneficiary฀Designation.฀You฀may฀

this฀application฀and฀receipt฀by฀us.฀These฀Terms฀of฀

funds฀to฀the฀beneficiary(ies).฀฀

designate฀your฀Investor฀Checking฀account฀to฀be฀

Agreement฀with฀Schwab฀Bank฀are฀governed฀by฀

 

payable฀on฀your฀death฀to฀a฀designated฀beneficiary(ies)฀

E.฀Suitability฀for฀You.฀You฀acknowledge฀that฀we฀

Nevada฀law฀and฀applicable฀federal฀law.

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฀

 

IW

©2005฀Charles฀Schwab.฀ All฀rights฀reserved.฀ ฀ FTA฀00033฀(0505-6998)฀APP10780A-11฀(05/05)

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