Designation of Beneficiary
Traditional, Roth, SEP and Simple IRAs
Complete the Designation of Beneficiary form to change the beneficiary information for your Victory Funds retirement account.
You must attach the following trust documentation:
- First page of trust agreement
- Pages referencing retirement accounts
- Signature page of trust agreement
Drop your files here
[or]
Select Files
You must attach the following trust documentation:
- First page of trust agreement
- Pages referencing retirement accounts
- Signature page of trust agreement
Drop your files here
[or]
Select Files
Primary Beneficiary(ies): I hereby appoint and designate the following primary beneficiary(ies) for my IRA. The IRA shall be paid to the primary beneficiary(ies) who survives you. If you appoint more than one primary beneficiary, such primary beneficiaries who survive you shall share in your IRA equally, unless you state below a specific percentage of distribution to each primary beneficiary. If for any reason the percentages do not total 100%, any remaining assets shall be divided equally among the surviving primary beneficiaries. If your account is distributable to multiple beneficiaries and, after allocating any remainder in accordance with the preceding sentence, the allocations total at least 99% but less than 100%, the remainder shall be allocated to the first beneficiary designated. If your account is distributable to multiple beneficiaries and, due to rounding or fractional shares, your account cannot be fully allocated to all such beneficiaries, any portion of your account that is not fully allocated due to such rounding or fractional shares shall be allocated to the beneficiary whom you have designated to receive the largest share or, if more than one beneficiary has been designated to receive the same largest share, to the first such beneficiary so designated. Allocation percentages may be specified or established in intervals of no smaller than .01%.
Secondary (Contingent) Beneficiary(ies): I hereby appoint and designate the following secondary beneficiary(ies) for my IRA. The IRA shall be paid to the secondary beneficiary(ies) who survive you only if you survive the primary beneficiary (or all of the primary beneficiaries, if you designate multiple primary beneficiaries). In that event, surviving secondary beneficiary(ies) shall share in the IRA assets equally, unless you state below a specific percentage of distribution to each secondary beneficiary. If for any reason the percentages do not total 100%, any remaining assets shall be divided equally among the surviving secondary beneficiaries. If your account is distributable to multiple beneficiaries and, due to rounding or fractional shares, your account cannot be fully allocated to all such beneficiaries, any portion of your account that is not fully allocated due to such rounding or fractional shares shall be allocated to the beneficiary whom you have designated to receive the largest share or, if more than one beneficiary has been designated to receive the same largest share, to the first such beneficiary so designated. Allocation percentages may be specified or established in intervals of no smaller than .01%.
NOTE: If you are married and live in a community property state and your spouse is not named as your sole primary beneficiary, you should consult your legal adviser about how your state's community property law may affect the validity of your beneficiary designation.
