If you assign all primary beneficiaries a percentage, but the percentages of those that qualify for payment do not total 100%, then the beneficiaries who do qualify will share in proportion to their percentages. The total MUST equal 100% If you do not assign a percentage for any primary beneficiary, then all primary beneficiaries will share equally. If you’re naming more than one primary beneficiary, you must indicate what percentage each is to receive. If you’re naming only one primary beneficiary, put 100% in the percent column. And, the money will be paid to tertiary beneficiaries ONLY if non of the primary or secondary beneficiaries qualify to receive money. The money will be paid to secondary beneficiaries ONLY if none of the primary beneficiaries qualify to receive money. The money will be paid to the primary beneficiaries. If any of the primary beneficiaries you name qualify to receive money, then all of the money will be paid to the primary beneficiaries. To qualify to receive money from the IRA, a human beneficiary must be alive on the day after your death, and a trust, charity, or estate must be in existence within nine months after your death.
#How to fill out postcard full#
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. Make sure that you write the full names of all beneficiaries.