Life and Death Planning for Retirement Benefits

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Life and Death Planning for Retirement Benefits

the spouse to make the ultimate decision whether to (1) keep the benefits and roll them over to an IRA or (2) disclaim some or all of the benefits and allow them to flow to the credit shelter trust. See ¶ 4.4.13 . If using this form with a nonIRA plan, make sure the plan honors disclaimers; see “Bombs Hidden in Plan Documents,” p. 477. II. Designation of Beneficiary A. Primary Beneficiary I hereby designate as my Primary Beneficiary my spouse, [SPOUSE NAME], if my spouse survives me. B. Contingent Beneficiary in Case of Disclaimer If my spouse survives me, but disclaims the Death Benefit (or part of it), I hereby designate as my Contingent Beneficiary, to receive the part (or all) of the Death Benefit so disclaimed, [TRUSTEE NAME], as Trustee of the [TRUST NAME] Trust, under agreement dated [TRUST DATE] [optional:, a copy of which is attached hereto]. C. Contingent Beneficiary in Case of Death If my spouse does not survive me, I hereby designate as my Contingent Beneficiary my children surviving me, in equal shares; provided, that if any child of mine does not survive me, but leaves issue surviving me, such issue shall take the share such deceased child would have taken if living, by right of representation. My children are: [INSERT NAMES AND CONTACT INFORMATION]. 3.2 Spouse is Primary Beneficiary; Children are Contingent II. Designation of Beneficiary A. Primary Beneficiary I hereby designate as my Primary Beneficiary, to receive 100% of the Death Benefit, my spouse, [SPOUSE NAME], if my spouse survives me. B. Contingent Beneficiary If my spouse does not survive me, I hereby designate as my Contingent Beneficiary, to receive 100% of the Death Benefit, my children surviving me, in equal shares; provided, that if any child of mine does not survive me, but leaves issue surviving me, such issue shall take the share such deceased child would have taken if living, by right of representation. My children are [INSERT NAMES AND CONTACT INFORMATION].

3.3 Designating Children (Or Their Issue) as Beneficiaries II. Designation of Beneficiary

I hereby designate as my Primary Beneficiary, to receive 100% of the Death Benefit, my children surviving me, in equal shares; provided, that if any child of mine does not survive me, but leaves issue surviving me, such issue shall take the share such deceased child would