The federal tax identification number of the retirement plan. ![]() We will also accept a copy of the most recent Form 5500 or a copy of the Summary Plan Description. A photocopy of the first page and the signature page(s) of the plan document will generally provide acceptable evidence. You must check with your trustee or your plan administrator to determine what is necessary to establish a retirement plan as owner of an annuity, and provide the additional documentation to the issuing insurance company. Yes, if the plan’s trust document includes annuities as an acceptable investment of plan assets. Therefore, we cannot be responsible for tax consequences caused by incorrect beneficiary designations: death benefits will be paid to the beneficiary on record on the annuity contract as of the date of the annuitant’s death. However, the trustees of the trust and/or legal and tax advisors to the trust may have reasons for recommending someone else be named as the beneficiary. Usually, the trust should be the beneficiary of the annuity contract so that in the event of the annuitant’s death, the death benefit will be distributed in accordance with the provisions of the trust. If they do not, the page(s) of the trust document which stipulate whether the trustees can act on behalf of the trust singularly or must act together must also be provided. If the trust has multiple trustees, the Certificate of Trust or Affidavit of Trust usually describe whether the trustees can act singularly or must act together. ![]() Evidence of the name(s) of the trustee or trustees who is/are empowered to act under the terms of the trust.Irrevocable trusts are usually required to obtain their own federal tax identification numbers from the IRS. For revocable trusts, the federal tax identification number is often the living grantor’s social security number. The trustee(s) of the trust must complete IRS Form W-9 (or a suitable facsimile) in order to provide this information. ![]() The federal tax identification number of the trust.If you do not have a Certificate of Trust or Affidavit of Trust, a photocopy of the first page and the signature page(s) of the trust document will generally provide acceptable evidence. The attorney who drafted your trust should provide you with a Certificate of Trust or Affidavit of Trust that summarizes the information needed to issue and administer the annuity. In order to establish a trust as owner, the following documentation must be provided. Yes, if the beneficiary or beneficiaries of the trust are natural persons.
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