If you already have one or more IRAs, make sure you have a form on file with the provider. (That is, make sure it hasn’t been lost). If your beneficiary form can’t be located, fill out a new one or supply your own, using the procedures described above. Check all the information on that form for accuracy. Some errors–an incorrect birth date, for example–can have serious consequences.
Keep copies of all correspondence regarding IRA distributions. Have your professional adviser keep these documents so they can be produced if and when a dispute arises. With so many mergers among financial institutions, beneficiary forms may be mislaid. Make sure you have your own acknowledged copies and your heirs know where they are.
