Reddit
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r/personalfinance on Reddit: Edward Jones and inheritance
August 21, 2023 -
My dad had an account w Edward Jones. He passed away. I received a call from them about The inheritance from that. The guy was saying he needs to open up an account for me so he can give me my portion.
Is that true? Sounds like a way for him to keep making money. I already have retirement account with another company. Can’t I have it sent there? Or just have a check cut to me directly?
Top answer 1 of 5
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Can’t I have it sent there? Or just have a check cut to me directly? Yes to both of these. I'd do a transfer though if possible... given USPS's track record. lol
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Different places do things differently, so these are really questions for Edward Jones. This isn't exactly the same thing, but I recently dealt with an insurance payout for a deceased person who had two policies. One company just set up an account I had access to, and one just sent a check. But if they set up an account for you, there shouldn't be a problem with moving the money elsewhere on your own.
Edward Jones
edwardjones.com › us-en › client-resource-center › online-access-account-features › transfer-death
Transfer on Death | Edward Jones
If you're married and living in ... Beneficiary Designation form. ... Please note: The witness must (a) be a disinterested party to the account owner (i.e., someone not named in the TOD Agreement), and (b) witness the spouse signing the form. A branch office administrator can serve as a witness. This form does not require notarization. A TOD will cover all the assets in your account at Edward Jones...
Edward Jones
edwardjones.com › us-en › cpa-attorney-resources › custom-beneficiary-designations
Custom beneficiary designations | Edward Jones
Good Example: 100% to the per stirpes descendants of John Doe; Social Security number of John Doe: xxx-xx-xxxx, date of birth of John Doe xx/xx/xx.* * Note: In this example, the beneficiaries are John Doe's descendants, not John Doe; even if John Doe is alive at the time of the account owner's death. ... The designation should not include any specific purpose for which the organization must use the funds. Edward Jones is unable to control how the charitable beneficiary utilizes the designated assets.
How to fill out Edward Jones TRU-7791-A?
To fill out Edward Jones TRU-7791-A, you need to gather relevant financial information, such as income details and investment transactions, and accurately complete each section of the form according to the instructions provided by Edward Jones.
edward-jones-account.pdffiller.com
edward-jones-account.pdffiller.com
Edward Jones TRU-7791-A Form - Fill Online, Printable, Fillable, ...
Who is required to file Edward Jones TRU-7791-A?
Clients of Edward Jones who meet certain reporting thresholds for income, investment earnings, or other financial transactions are required to file Edward Jones TRU-7791-A.
edward-jones-account.pdffiller.com
edward-jones-account.pdffiller.com
Edward Jones TRU-7791-A Form - Fill Online, Printable, Fillable, ...
What information must be reported on Edward Jones TRU-7791-A?
Information that must be reported on Edward Jones TRU-7791-A includes details about income, gains from investments, transaction history, and any other relevant financial data required for tax purposes.
edward-jones-account.pdffiller.com
edward-jones-account.pdffiller.com
Edward Jones TRU-7791-A Form - Fill Online, Printable, Fillable, ...
DocHub
dochub.com › fillable-form › 46134-edward-jones-beneficiary-designation-form
Edward jones beneficiary form: Fill out & sign online | DocHub
For example, if you name beneficiaries on assets including transfer on death (TOD) accounts, 401(k)s, IRAs, insurance policies and annuities, they wont have to go through probate. The same is true for individual 529 plans when a successor owner has been designated. Edward Jones accepts custom-drafted beneficiary designations for a variety of retirement plans.
Edward Jones
edwardjones.com › sites › default › files › acquiadam › 2022-08 › transfer-on-death-agreement.pdf pdf
Edwardjones
Edward Jones offers a personal approach to investing with 18,000 financial advisors ready to support your retirement, education savings and insurance needs.
pdfFiller
edward-jones-account.pdffiller.com
Edward Jones TRU-7791-A Form - Fill Online, Printable, Fillable, Blank - pdfFiller
The beneficiary designation forms ... to receive your benefit after you die. The fee due to Edward Jones under this Agreement is $300....
Bogleheads.org
bogleheads.org › board index › us investors › personal investments
Process to Close Out Edward Jones Account after Owner Death - Bogleheads.org
I don't know what "has a trust already outlined" means. If the assets are in at trust, the trust dictates disposition. If the assets are not in a trust, and beneficiaries are specified, that's where the funds go. Edward Jones will want to see a certificate of death.
Edward Jones
edwardjones.ca › ca-en › market-news-insights › guidance-perspectives › beneficiary-designations
Beneficiary Designations | Edward Jones
Learn how understanding the differences in beneficiary designations can help you plan for your loved ones.
Edward Jones
edwardjones.com › us-en › market-news-insights › guidance-perspective › when-a-loved-one-passes-away
Loss of a Loved One Financial Checklist | Edward Jones
We'll guide you through the financial considerations when a loved one passes away.
Quora
quora.com › Is-it-normal-for-a-firm-Edward-Jones-that-has-managed-a-parent-s-investments-to-require-upon-her-death-the-beneficiaries-to-each-open-an-Edward-Jones-account-into-which-it-will-disburse-the-funds
Is it normal for a firm (Edward Jones) that has managed a parent’s investments to require upon her death the beneficiaries to each open an Edward Jones account into which it will disburse the funds? - Quora
Answer (1 of 5): I recently dealt with this. Since the Tax ID is now changing, this was how they accomplished it. In some cases the new accounts just held the $$ for a week or so. But moving the funds AND changing ownership can cause confusion, so this was a way to simplify it. you do need to ch...
Quora
quora.com › Why-does-Edward-Jones-make-beneficiaries-open-an-IRA-in-order-to-receive-their-inheritance
Why does Edward Jones make beneficiaries open an IRA in order to receive their inheritance? - Quora
Answer (1 of 5): My guess is that it is to prevent identity theft and fraud, and because the account was tied to a decedent's social security number. The social security number passes away with the person it is tied to and is no longer valid. By opening a new account in the beneficiaries name, ...
JustAnswer
justanswer.com › estate-law › ei64y-brother-holding-onto-inheritance-edward-jones.html
Edward Jones Account Queries: Transfer Forms, Login Issues, and Inheritance Solutions
In Arkansas, an executor manages estate assets, including inheritance accounts like those at Edward Jones. Beneficiaries must understand that the executor controls disbursement timing, often requiring probate court approval. To access funds, beneficiaries can request an accounting or petition the probate court to compel distribution if delays are unreasonable.
airSlate
airslate.com › home › documents › other › update edward jones beneficiary designation form from...
Edward Jones Beneficiary Form easily | airSlate
Edward Jones beneficiary form Edward Jones beneficiary payout How to find beneficiaries on Edward Jones account Inheriting an Edward Jones account Edward Jones Beneficiary Form How to Change Beneficiary on Edward Jones Account How to Find Beneficiaries on Edward Jones Account How to Add Beneficiary ...
DocHub
dochub.com › fillable-form › 6300-edward-jones-transfer-on-death-agreement-form
Edward jones change of beneficiary form: Fill out & sign online | DocHub
Click ‘Get Form’ to open the Edward Jones Transfer on Death Agreement Form in our editor. Begin by filling out the Account Holder Information section. Enter your name, address, city, state, ZIP code, date of birth, and Social Security Number or Tax ID. Indicate the type of account you are transferring. Choose between Inherited IRA, Traditional IRA, or Roth IRA. If applicable, provide details about the deceased individual. In the Beneficiary Designations section, list your primary beneficiaries.
Reddit
reddit.com › r/bogleheads › inherited edward jones tod beneficiary
r/Bogleheads on Reddit: Inherited Edward Jones TOD beneficiary
February 19, 2022 -
My wife mother passed away and she had a small account with EJ. I believe it is her old 401k.
There are 3 beneficiaries listed to be split. We do not want to keep the money with Edward Jones and we have vanguard, trowe etc. Edward jones is telling us that we have to open a new account with them to transfer the money out. Is that true or they just trying to milk us out with the money by charging closing account fee and or hope we will invest with them?
Could they just mail us a check?
The plan was to deposit the money in my wife vanguard account or her fidelity account which will waive the transfer fee from EJ.
Top answer 1 of 5
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No, they can't just mail you a check. Read up on inherited 401Ks for non-spouses. There are rules. The money has to go into an Inherited IRA account. From there, you can move it to another brokerage.
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Update We spoked with the EJ advisor and he basically said he has to create a inherited ira account with my wife name. He also asked if we are staying with them, we said no planning to liquate or transfer the funds out. He was not happy about that! oh well it is a small amount under 10k. What would be the best option? just cash it out and pay the taxes or just roll it over to a new inherited ira in vangaurd? I dont think we will put any funds in it since we already have a roth ira with vanguard and max out the contributions
Edward Jones
edwardjones.com › us-en › market-news-insights › personal-finance › planning-your-estate › beneficiaries
Why Should I Name Beneficiaries? | Edward Jones
Whether you need to name a beneficiary or would like to review your current designations, contact an Edward Jones financial advisor today to begin this important process.
The Money Mustache Community
forum.mrmoneymustache.com › ask-a-mustachian › help-inheritence-stuck-at-edward-jones
Help- Inheritence stuck at Edward Jones
Help- Inheritence stuck at Edward Jones
Charitablegiftplanners
charitablegiftplanners.org › sites › default › files › Tax-exempt-Beneficiary-Claim-Form-IRA.pdf pdf
Tax-Exempt Beneficiary Claim Form (IRA)
Activate your membership to connect with a national network of charitable gift planning peers and gain access to valuable resources · Understand how CGP membership works, discover our shared ethics and more
Reddit
reddit.com › r/personalfinance › inherited edward jones tod beneficiary
r/personalfinance on Reddit: Inherited Edward Jones TOD beneficiary
January 25, 2021 -
My wife mother passed away and she had a small account with EJ. I believe it is her old 401k.
There are 3 beneficiaries listed to be split. We do not want to keep the money with Edward Jones and we have vanguard, trowe etc. Edward jones is telling us that we have to open a new account with them to transfer the money out. Is that true or they just trying to milk us out with the money by charging closing account fee and or hope we will invest with them?
Could they just mail us a check?
The plan was to deposit the money in my wife vanguard account or her fidelity account which will waive the transfer fee from EJ.
Top answer 1 of 5
7
When my siblings and I inherited an IRA we each had to open an "Inherited IRA" account in our own name in order for the funds to be disbursed from the decedent's IRA. Once the money was in each of our own "Inherited IRA" accounts, we were free to transfer it anywhere we wanted as each individual saw fit.
ETA: My experience was with Vanguard.
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It is true. You open an account to put the funds into your name then immediately can transfer them out to the new institution. This happens with a variety of companies.
You also don't have to cash out the account. They can divide and see about transferring in kind to the new account/institution.
Edward Jones
edwardjones.ca › ca-en › market-news-insights › guidance-perspectives › estate-essentials
Estate planning considerations | Edward Jones
For instance, considerations for blended families, dependents, or beneficiaries with disabilities can vary significantly. Your Edward Jones Financial Advisor can work with you and your team of legal and tax professionals, upon your agreement to put a personalized strategy in place that meets ...