Making A Beneficiary Claim: Mfs Investment Management Guide

To make a beneficiary claim with MFS Investment Management, you will need to fill out the appropriate form for your account type. For example, if you have an MFS IRA, you will need to fill out the Designation of Beneficiary Form. If you have a different type of account, you will need to fill out the Transfer on Death Agreement Registration Form. You will also need to provide the necessary information to identify yourself and open the account. This information includes your name, address, and other personal details. Finally, you will need to mail the completed form to the appropriate address, depending on the type of account you have.

Updating/adding a beneficiary by mail

To update or add a beneficiary by mail, you will need to complete the appropriate form for your account type and send it to the relevant address.

Transfer on Death Agreement Registration Form

This form is for investors who wish to designate an individual or entity to own the account upon the death of the current owner. This form should be submitted along with an MFS Account Application.

Designation of Beneficiary Form

This form is for designating a beneficiary for an MFS IRA.

529 Savings Plan Change Form

This form is for making changes to an existing 529 Savings Plan account.

Coverdell Education Savings (CESA) Change Form

This form is for making changes to an existing Coverdell Education Savings account.

For mutual fund and IRA accounts, the completed form should be sent to:

MFS Service Center, Inc.

PO Box 219341

Kansas City, MO 64121-9341

For overnight mail, the address is:

MFS Service Center, Inc.

Suite 219341

801 Pennsylvania Ave

Kansas City, MO 64105-1307

For 529 accounts, the completed form should be sent to:

MFS 529 Savings Plan

PO Box 534454

Pittsburgh, PA 15253-4454

For overnight mail, the address is:

MFS 529 Savings Plan

Attention: 534454

500 Ross Street, 154-0520

Pittsburgh, PA 15262

Completing the 'Transfer on Death Agreement Registration Form'

To make a beneficiary claim with MFS Investment Management, you must first fill out the Transfer on Death (TOD) Agreement Registration Form. This form is used to designate an individual or entity to automatically own the account upon the death of the current owner. Here is a step-by-step guide on completing the TOD Agreement Registration Form:

• Access the Form: Visit the MFS website to access the TOD Agreement Registration Form. The form is available in PDF format, which you can download and fill out on your computer.
• Account Information: Provide detailed information about the account for which you are designating the beneficiary. This includes the account number, type of account (individual, joint tenants, or tenants by entireties), and the current owner's name.
• Beneficiary Designation: Clearly state the name or names of the individual(s) or entity you wish to designate as the beneficiary. You may designate multiple beneficiaries if desired.
• Contact Information: Provide current and accurate contact information for the designated beneficiary or beneficiaries, including their full names, addresses, phone numbers, and email addresses.
• Ownership Transfer Instructions: Specify any specific instructions or conditions regarding the transfer of ownership upon your death. This may include any legal or tax-related instructions that the beneficiary should be aware of.
• Signature and Date: The form must be signed and dated by the current account owner. A Signature/Medallion Guarantee Stamp may also be required to add or update the TOD registration. You can obtain this stamp from eligible banks, brokers, dealers, credit unions, or other financial institutions.
• Submission: Once the form is complete, submit it by mail to the MFS Service Center. The mailing address depends on whether you are using regular or overnight mail. For regular mail, send it to MFS Service Center, Inc., P.O. Box 219341, Kansas City, MO 64121-9341. For overnight mail, use the address, MFS Service Center, Inc., Suite 219341, 430 W 7th Street, Kansas City, MO 64105-1407.

Remember, the TOD Agreement Registration Form is just one aspect of making a beneficiary claim with MFS Investment Management. There may be additional forms or requirements depending on your specific situation and account type. Always refer to the official MFS website or consult with a financial advisor for the most up-to-date and accurate information.

Completing the 'Designation of Beneficiary Form'

To complete the Designation of Beneficiary Form, you will need to first download the form from the MFS website. This form is used to designate a beneficiary for an MFS IRA.

Once you have downloaded the form, you will need to fill it out. The form will ask for information such as your name, address, and the name of your beneficiary. You will also need to provide the beneficiary's address and Social Security number.

If you are completing this form for a traditional or Roth IRA, you will also need to provide the name of your dealer firm and the name of the MFS IRA Trust.

After you have completed the form, you will need to print it out and mail it to the following address:

MFS Service Center, Inc.

PO Box 219341

Kansas City, MO 64121-9341

Alternatively, you can send it via overnight mail to:

MFS Service Center, Inc.

Suite 219341

801 Pennsylvania Ave

Kansas City, MO 64105-1307

It is important to note that you will need to have the full version of Adobe Acrobat to save the form after filling it out.

Updating beneficiary information online

• Login to Your MFS Access Account: Visit the MFS Investment Management website and log in to your MFS Access account using your credentials. If you don't already have an account, you can create one by providing the necessary information.
• Navigate to the "Account Management" Section: Once logged in, look for the "Account Management" section or a similar tab within your account dashboard. This section typically allows you to update your personal information, including beneficiaries.
• Select "Update Beneficiary" Option: Within the "Account Management" section, look for an option that says "Update Beneficiary," "Change Beneficiary," or something similar. This option may be under a drop-down menu or in a list of available actions.
• Provide Beneficiary Information: After selecting the appropriate option, you will be directed to a page where you can input the details of your beneficiary or beneficiaries. Carefully fill in all the required information, such as their full name, date of birth, address, and their relationship to you.
• Review and Confirm the Changes: Before finalizing the updates, carefully review the information you have provided to ensure it is accurate and up to date. MFS may provide you with a summary of the changes to confirm.
• Save and Submit the Updates: Once you are satisfied with the information provided, submit the changes. You may need to re-enter your login credentials or provide additional security information to confirm the updates.
• Receive Confirmation: After submitting the changes, you should receive a confirmation message or notification from MFS Investment Management. This confirmation assures you that your beneficiary information has been successfully updated.

By following these steps, you can conveniently update your beneficiary information online with MFS Investment Management. This process ensures that your beneficiary designations are current and accurate, providing peace of mind and helping to facilitate a smooth transition of assets in the future, if needed.

Updating beneficiary information by post

To update your beneficiary information by post, you will need to complete the appropriate form for your account type.

Transfer on Death Agreement Registration Form

This form is for investors who wish to designate an individual or entity to own the account upon the death of the current owner. This form should be submitted along with an MFS Account Application.

Designation of Beneficiary Form

This form is to designate a beneficiary for an MFS IRA.

529 Savings Plan Change Form

This form is to make changes to an existing 529 Savings Plan account.

Coverdell Education Savings (CESA) Change Form

This form is to make changes to an existing Coverdell Education Savings account.

Once you have completed the form, send it to the following address, depending on the type of account:

For Mutual Fund and IRA Accounts

Regular Mail:

MFS Service Center, Inc.

PO Box 219341

Kansas City, MO 64121-9341

Overnight Mail:

MFS Service Center, Inc.

Suite 219341

801 Pennsylvania Ave

Kansas City, MO 64105-1307

For 529 Accounts

Regular Mail:

MFS 529 Savings Plan

PO Box 534454

Pittsburgh, PA 15253-4454

Overnight Mail:

MFS 529 Savings Plan

Attention: 534454

500 Ross Street, 154-0520

Pittsburgh, PA 15262

Frequently asked questions