Citbene

Download as pdf or txt
Download as pdf or txt
You are on page 1of 3

529 College Savings Plan Beneficiary Change Form

Use this form to change the beneficiary and transfer the account balance from your existing 529 College Savings Plan
account to a 529 College Savings Plan account for your new beneficiary.
Once a 529 plan account is established under the Uniform Gifts to Minors Act or Uniform Transfers to Minors Act
(UGMA/UTMA), the beneficiary of the UGMA/UTMA 529 plan account cannot be changed.
Return the completed form to Fidelity Investments, College Plan Service Center, PO Box 770001, Cincinnati, OH
45277-0015. If you have any questions, call us anytime at 1-800-544-1914 or visit us at Fidelity.com.

1 CUSTOMER INFORMATION
6 –
Participant’s/Trustee’s Account Number

Max Kurland Kristen Kurland


Participant’s/Trustee’s Name Current Beneficiary’s Name

561-77-2698 619-03-7803
Participant’s/Trustee’s Social Security or Tax I.D. Number Current Beneficiary’s Social Security or Tax I.D. Number (required)

2 NEW BENEFICIARY DESIGNATION


If the new beneficiary named in this section is a “member of the family” (as defined in Section 3 below) of the original
beneficiary, those balances not in excess of the maximum contribution amount will be moved, federal income tax-free, to
another 529 Plan account for your new designated beneficiary. If the new beneficiary is not a “member of the family” of the
original beneficiary, your change will result in a taxable distribution. Earnings on this distribution will be income taxable at
the federal level to the Participant in the year the change is made. A federal penalty tax equal to 10% of earnings will also
apply pursuant to Internal Revenue Code (“IRC”) Section 529. If the new beneficiary is a member of a younger generation
relative to the original beneficiary, the transfer may be subject to federal gift and generation-skipping transfer taxes.

Elizabeth Kurland 2/22/2011


New Beneficiary’s Name New Beneficiary’s Date of Birth

California
New Beneficiary’s State of Residence New Beneficiary’s Social Security or Tax I.D. Number (required)

Do you already have an existing account for your new beneficiary?


Yes. The account number is
Mail this form to Fidelity Investments at the address above. I understand that the proceeds from the original beneficiary’s account will
be invested into this account according to its existing allocation instructions unless I indicate a different allocation in Section 4.
No. Complete a new Account Application. Mail this form and your Account Application to the address above. Please indicate your
investment strategy for your contributions (initial and future) in the Investment Selection section of the Account Application.

1.715320.114 Page 1 of 3 009250101


3 RELATIONSHIP BETWEEN BENEFICIARIES
Please describe the relationship between your Current Beneficiary and your New Beneficiary.

Member of Family Eligible for a Federal Income Tax-Free Transfer:


X a son or daughter or a descendant of either (1) a brother or sister of the father or mother (7)
a stepson or stepdaughter (2) a son-in-law, daughter-in-law, father-in-law, mother-in-law,
a brother, sister, stepbrother or stepsister (3) brother-in-law, or sister-in-law (8)
a father or mother or an ancestor of either (4) the spouse of any individuals described above (1–8)
a stepfather or stepmother (5) a spouse
a son or daughter of a brother or sister (6) a first cousin

A legally adopted child is treated as the child of the adoptive parent as if by blood. The terms “brother” and “sister” include
half-brothers and half-sisters.
Other Relationship; Subject to Federal Income Tax and Penalty Tax on Earnings Distributed:

Other; Describe Relationship (Optional)

4 INSTRUCTIONS
Units in your current account will be sold and the proceeds will be invested in your account for your new beneficiary.
Only that portion of your account balance which does not exceed the maximum allowable contribution amount for your
new beneficiary will be transferred. Any amounts which cannot be transferred will remain in your account for your current
beneficiary. You will be notified of any remaining balances.

X Full Account Transfer or Partial Account Transfer (indicate amount) $ .


If you are requesting a Partial Account Transfer, please detail your liquidation instructions below:
Portfolio Name Dollar Amount Full Portfolio Distribution
(Check all that apply)
$
__________________________________________________ ________________________
$
__________________________________________________ ________________________
$
__________________________________________________ ________________________
$
__________________________________________________ ________________________

The proceeds from your current account will be invested into the account for your new beneficiary according to the allocation
instructions on file for the new beneficiary’s account, unless you check the box and indicate a different allocation below.
Invest the proceeds from the current account into the account for the new beneficiary as detailed below. (All future contributions
to the new beneficiary’s account will be invested according to the allocation instructions on file for the account.) Please use
increments of 5% only and the total must equal 100%.
Choose one option only

Age-Based Strategy
100% of your contributions will be invested in an Age-Based Portfolio that invests in actively managed Fidelity
mutual funds and is designed for the designated beneficiary’s age based on the date of birth listed in Section 2.
X Age-Based Strategy (Index Series)
100% of your contributions will be invested in an Age-Based Portfolio that invests in Fidelity index mutual funds
and is designed for the designated beneficiary’s age based on the date of birth listed in Section 2.

Page 2 of 3
4 INSTRUCTIONS (CONTINUED)

Custom Strategy
Create your own investment mix from any of the 529 College Savings Plan Portfolios below.
100% Equity Portfolio ______________ %
70% Equity Portfolio ______________ %
Conservative Portfolio ______________ %
100% Equity Portfolio (Index Series) ______________ %
70% Equity Portfolio (Index Series) ______________ %
Conservative Portfolio (Index Series) ______________ % Please use
increments
Social Choice Portfolio (Index) — (California plan only) ______________ % of 5%.
Spartan® 500 Index ______________ %
Total Market Index ______________ %
International Index ______________ %
Intermediate Treasury Bond Index ______________ %
Money Market Portfolio (Cash Reserves) ______________ %
Bank Deposit Portfolio* — (NOT available for Trust Registrations) ______________ %
Total (must equal 100%) 100%
* Although the underlying deposits are eligible for FDIC insurance, subject to applicable federal deposit insurance limits, the Units of
the Bank Deposit Portfolio are not insured or guaranteed by the FDIC or any other government agency. You are responsible for moni-
toring the total amount of your assets on deposit at the depository bank, including amounts held directly at the depository bank. All
such deposits held in the same ownership capacity at the depository bank are subject to aggregation and to the current FDIC insur-
ance coverage limitation of $250,000. Please see a 529 fact kit for more details.

5 AUTHORIZING SIGNATURE

I am aware that this form becomes effective when delivered to Fidelity, and will remain in effect until I deliver to Fidelity
another form with a later date. I authorize Fidelity to process this beneficiary change from the College Savings Plan account
indicated in this instruction. I authorize you to sell units in my current account and transfer the proceeds to an account for
my new beneficiary. The undersigned agrees that the statements made herein are true and correct and agrees to indemnify
and to hold Fidelity harmless for any loss suffered or liability incurred by acting hereunder. I hereby ratify this written
instruction and any telephone instructions given pursuant to this authorization and agree that neither the Trust nor Fidelity
Brokerage Services LLC will be liable for any loss, liability, cost, or expense for acting upon such instructions. I further agree
to the tape-recording of any phone instructions. I understand that if the 529 plan account for the original beneficiary was
established under a Uniform Gifts to Minors Act or Uniform Transfers to Minors Act (UGMA/UTMA), the assets belong to
the minor/beneficiary and can only be used for the benefit of the minor/beneficiary and the beneficiary on such an account
may not be changed. I agree to adopt and be bound by the terms and conditions of the Customer Agreement, Participation
Agreement and Account Application as are currently in effect and as may be amended from time to time.

X
SIGNATURE OF PARTICIPANT/AUTHORIZED INDIVIDUAL DATE (mm/dd/yyyy)

CIT-BCFORM-0910
450397.3.0 College Plan Service Center 1.715320.114
PO Box 770001, Cincinnati, OH 45277-0015
Fidelity Brokerage Services LLC, Member NYSE, SIPC

You might also like