How to name beneficiaries and fund a trust at Beacon Pointe

An individual or joint taxable advisory account takes a Transfer on Death (TOD) registration with the custodian.¹

An IRA, Roth, Rollover, SEP or SIMPLE IRA takes the custodian's IRA beneficiary designation, a separate filing from a TOD registration on a taxable account.¹

An employer plan advised under the Retirement Plan Services platform takes the plan recordkeeper's beneficiary form, not a custodian form.¹

A life insurance policy placed through Beacon Pointe Insurance Services, LLC has its own beneficiary designation held by the carrier. It is not on any custodial statement and is not covered by a custodian beneficiary form.¹

A trust can be named as beneficiary on a taxable (TOD) account.¹

A trust can be named as beneficiary on an IRA, Roth, Rollover, SEP or SIMPLE IRA.¹

A trust can be named as beneficiary on an employer plan.¹

Primary and contingent beneficiaries are each given a percentage, and the percentages total 100 percent.¹

Spousal consent may be required for a non-spouse beneficiary on a retirement account in a community property state; some custodians require the spouse's consent to be notarized.¹

For investment accounts. Completed by the account owner, with the Beacon Pointe advisor. Sent by the institution on request.¹

For IRAs. Completed by the account owner, with the Beacon Pointe advisor. Sent by the institution on request.¹

The beneficiary or TOD registration on file with the custodian controls the asset ahead of a will or trust; an up-to-date will does not fix an out-of-date designation.¹

The designation binds only once the custodian records it, and nothing takes effect on a phone call: the custodian requires a signed form.¹

An IRA, Roth IRA, Rollover IRA, SEP or SIMPLE IRA cannot be owned by a trust and is not retitled.¹

An employer plan cannot be owned by a trust and is not retitled.¹

Completed by every acting trustee. Sent by the institution on request.¹

The custodian opens a trust-titled account, and positions normally transfer into it in kind, which avoids realizing gains.¹

Beacon Pointe's advisory agreement follows the account, so the portfolio stays managed after retitling.¹

Every acting trustee signs the custodian's trust application.¹

Custody of Beacon Pointe advisory and Wrap Fee Program accounts, with their beneficiary and trust forms²

Custody of Beacon Pointe advisory and Wrap Fee Program accounts, with their beneficiary and trust forms^{2, 3}

Custody of Beacon Pointe advisory accounts, with their beneficiary and trust forms²

Custody of Beacon Pointe advisory accounts, with their beneficiary and trust forms^{2, 3}

Custody of Beacon Pointe advisory and Wrap Fee Program accounts, with their beneficiary and trust forms^{2, 3}

Certain legacy accounts of firms Beacon Pointe acquired²

Life insurance policies placed through it; the beneficiary designation is held by the issuing carrier¹