How to name beneficiaries and fund a trust at Invesco

One form, AIM-FRM-5, covers Traditional, Roth, SEP, SARSEP and SIMPLE IRAs.¹

AIM-FRM-5 covers 403(b)(7) and Optional Retirement Program (ORP) accounts. Solo 401(k) designations require a signed paper form.¹

AIM-FRM-5 covers any non-retirement account carrying TOD registration.¹

An existing individual or joint account is first re-registered as a TOD account on AIM-FRM-66. No signature guarantee is needed when the same shareholders remain on the account.²

A trust is designated by trust name and trust date. The form does not ask for a trustee name.¹

A Solo 401(k) trust beneficiary additionally requires the Invesco Solo 401(k) Trust Beneficiary Certification Form.¹

An estate can be named, in the form "Estate of John Smith".¹

A charitable organization or a church can be named.¹

A corporation can be named.¹

A class of people can be named, such as "All my children equally".¹

A school can be named.¹

Each beneficiary is given a percentage. Primary beneficiaries go in section 3A and contingent beneficiaries in section 3B, and each block must total 100%.¹

Under the custodial agreement a beneficiary not marked primary or contingent is deemed primary, and where no percentage is given the primary beneficiaries take in equal amounts.³

Section 4 collects spousal consent from a married owner in a community or marital property state who is not naming the spouse as primary beneficiary. Section 5, "ERISA Plans Only", collects spousal consent.¹

Invesco states that IIS and its affiliates "are not responsible for determining whether an account owner is married and/or is a resident of a state in which community property rules apply."¹

Completed by the account owner. Available to download.^{1, 4}

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For payable-on-death accounts. Available to download.²

For employer retirement plans. Sent by the institution on request.¹

Each new designation replaces the current one in its entirety. The last designation Invesco receives before death controls and revokes all earlier ones.¹

A divorce, annulment or other lawful dissolution of the marriage makes a spousal beneficiary designation null and void automatically, and the beneficiary is then determined as if the spouse had predeceased the owner. A former spouse can only inherit under a new designation dated after the divorce.³

Invesco states it is "unable to accept trade or maintenance instructions submitted via this webform."⁵

The form lists this state among those "including but not limited to" the community property states for the section 4 spousal consent.¹

The form lists this state among those "including but not limited to" the community property states for the section 4 spousal consent.¹

The form lists this state among those "including but not limited to" the community property states for the section 4 spousal consent.¹

The form lists this state among those "including but not limited to" the community property states for the section 4 spousal consent.¹

The form lists this state among those "including but not limited to" the community property states for the section 4 spousal consent.¹

The form lists this state among those "including but not limited to" the community property states for the section 4 spousal consent.¹

The form lists this state among those "including but not limited to" the community property states for the section 4 spousal consent.¹

The form lists this state among those "including but not limited to" the community property states for the section 4 spousal consent.¹

The form lists this state among those "including but not limited to" the community property states for the section 4 spousal consent.¹

A non-retirement Invesco mutual fund account can be opened directly in a trust's name, or retitled into a trust later.⁶

An IRA cannot be retitled to a trust. The trust is named as beneficiary on AIM-FRM-5 instead.¹

A 403(b)(7) account cannot be retitled to a trust. The trust is named as beneficiary on AIM-FRM-5 instead.¹

For trust accounts. Available to download.⁶

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Available to download.⁷

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Available to download.⁸

New accounts will not be established for a foreign person or entity, or for accounts with a Canadian residential or mailing address.⁶

Invesco will not open a trust account without the trust pages.⁶

Every registered trustee, executor or guardian must sign section 15 of AIM-FRM-6.⁶

On AIM-FRM-52 the requestor selects the capacity they sign in: Owner, Successor Trustee, Executor, Attorney-in-Fact, Conservator or Custodian.⁷

The Change of Trustee Form may not be used when a trustee is removed because they died, when the trust's tax ID is changing, or to change a trustee's legal name. Those go through Client Services.⁸