Here is a copy of the Schwab "Designated Beneficiary Plan Application". In the form itself Schwab uses the term "payable on death", therefore what the form is called is irrelevant as long as it meets state requirements.this would be for an investment brokerage account with Schwab. the person giving me the advice was an estate attorney.
https://www.schwab.com/resource/schwab- ... pplication
But if you were going to use the form on the Schwab Brokerage account, you would probably also add the beneficiaries as successor beneficiaries on your inherited IRA, in that the inherited balance will be gradually transferred to the brokerage account. You would not know the relative balance in each account at the time of your death.
Statistics: Posted by Alan S. — Sat Sep 14, 2024 6:32 pm — Replies 5 — Views 286