Xxxx Individual Retirement Custodial Account. The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.
Xxxx Individual Retirement Custodial Account. 5305-RA (Under Section 408A of the Internal Revenue Code) Form (Rev. April 2017) Department of the Treasury Internal Revenue Service The depositor and the custodian make the following agreement: Do Not File with Internal Revenue Service l Amendment
Xxxx Individual Retirement Custodial Account. (Under section 408A of the Internal Revenue Code) Form 5305-RA (Rev. March 2002) Department of the Treasury, Internal Revenue Service. Do not file with the Internal Revenue Service. This Agreement is made between Computershare Trust Company, n.a. as custodian (hereinafter referred to as “Custodian”) and the individual (hereinafter referred to as “Depositor”) who signs the accompanying Application. If the Depositor has previously adopted this Individual Retirement Custodial Account (“XXX”) in any earlier form, by signature to the Application he or she adopts the amended XXX in the form as hereby restated. The Depositor is establishing (or adopting an amendment to) an individual retirement account (under section 408Aof the Internal Revenue Code) for the exclusive benefit of the individual or his or her beneficiaries. The Custodian has given the Depositor the disclosure statement required under the Income Tax Regulations under 1.408-6 of the Regulations. Unless the accompanying Application is signed by Depositor to adopt an amended and restated XXX, Depositor has made an initial contribution to the XXX concurrently with the execution of the Application. The Depositor and Custodian make the following Agreement.
Xxxx Individual Retirement Custodial Account. Agreement custodial account, or if insufficient cash shall be available, by sale, or withdrawal of sufficient assets in the custodial account and application of the sales proceeds or funds withdrawn to pay such fees and expenses. The custodian shall not incur any liability on account of such sale of as- sets under such circumstances. Any brokerage commissions attributable to the assets in your Xxxx XXX will be charged to your Xxxx XXX. You cannot reimburse your Xxxx XXX for those commissions.
Xxxx Individual Retirement Custodial Account. Agreement allocable to the excess, deemed loan distribution, dividends on employer securities, or the cost of life insurance coverage. If you are a spouse, nonspouse, or qualified trust beneficiary who has inherited a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) eligible governmental deferred compensation plan, you may be eligible to directly roll over the assets to an inherited Xxxx XXX. The inherited Xxxx XXX is subject to the beneficiary distribution requirements. If you are conducting an indrect rollover, your eligible rollover distribution generally must be rolled over to your Xxxx XXX not later than 60 days after you receive the distribution. In the case of a plan loan offset due to plan termination or sever- ance from employment, the deadline for completeing the rollover is your tax return due date (including extensions) for the year in which the offset occurs. Although the rollover amount generally is included in income, the 10 percent early distribution penalty tax will not apply to rollovers from eligible employer-sponsored retirement plans to a Xxxx XXX or inherited Xxxx XXX, regardless of whether you qualify for any exceptions to the 10 percent early distribution penalty tax.
Xxxx Individual Retirement Custodial Account. In the event of my death, pay any interest I may have under my Account to the following Primary Beneficiary or Beneficiaries who survive me. Make payment in the proportions specified below (or in equal proportions if no different proportions are specified). If any Primary Beneficiary predeceases me, their share is to be divided among the Primary Beneficiaries who survive me in the relative proportions assigned to each such surviving Primary Beneficiary. If none of the Primary Beneficiaries survives me, pay any interest I may have under my Account to the following Alternate Beneficiary or Beneficiaries who survive me. Make payment in the proportions specified below (or in equal proportions if no different proportions are specified). If any Alternate Beneficiary predeceases me, their share is to be divided among the Alternate Beneficiaries who survive me in the relative proportions assigned to each such surviving Alternate Beneficiary. Proportions for Beneficiaries must total 100%. If more than one primary beneficiary is designated, and no distribution percentages are indicated, the beneficiaries will be deemed to own equal share percentages in the account(s). Multiple contingent beneficiaries with no share percentage indicated will also be deemed to share equally. PRIMARY BENEFICIARIES Primary Beneficiary Name (First, Middle, Last) Share % Relationship Date of Birth (mm/dd/yyyy) Taxpayer ID Number Primary Beneficiary Name (First, Middle, Last) Share % Relationship Date of Birth (mm/dd/yyyy) Taxpayer ID Number Primary Beneficiary Name (First, Middle, Last) Share % Relationship Date of Birth (mm/dd/yyyy) Taxpayer ID Number ALTERNATE BENEFICIARIES Alternate Beneficiary Name (First, Middle, Last) Share % Relationship Date of Birth (mm/dd/yyyy) Taxpayer ID Number Alternate Beneficiary Name (First, Middle, Last) Share % Relationship Date of Birth (mm/dd/yyyy) Taxpayer ID Number Alternate Beneficiary Name (First, Middle, Last) Share % Relationship Date of Birth (mm/dd/yyyy) Taxpayer ID Number This Designation of Beneficiary may have important tax or estate planning effects. If you cannot accomplish your estate planning objectives by using this Section to designate your beneficiary(ies) (for example, if you wish to provide that the surviving children of a beneficiary who predeceases you should take that beneficiary’s share by right of representation), you may submit another form of written beneficiary designation to the Custodian. Any amount remaining in the Accoun...
