Beneficiary Invoice Template
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A beneficiary invoice is used as documentation when transferring a person’s account to their intended (primary) beneficiaries.
PDF, 
Excel & 
Word) or create one online!What is a Beneficiary Invoice?
When an individual dies, there needs to be documentation that details where their cash, investments, and property will go. There are many methods in which a person can designate their assets to beneficiaries, the most popular method being a Will. To make transferring assets from a person’s financial account to beneficiaries, it may be necessary to notify the financial institution of the instructions. A beneficiary invoice can be used to facilitate the transfer of the following from a person’s account to a beneficiary:
- IRA
- Will
- Annuity
- Irrevocable Trust
- Mutual Fund
- Life Insurance
- Bank Account (funds)
Transfer on Death
Signing a Transfer on Death agreement is the most secure option for any person when it comes to securing their financial accounts after their death. The beneficiaries listed in a transfer on death agreement/deed will override a Will or any other type estate document. Furthermore, by having a transfer on death agreement, the account holders’ assets will not go to probate as they normally would. Financial institutions, such as TD Ameritrade, allow their clients to opt into a Transfer on Death Agreement. In such an agreement, a person can designate a multitude of beneficiaries while also allocating a percentage share to each beneficiary. If there is only one beneficiary, the percentage share to that person would be 100%, as the total percentage shares given out must sum to 100%. Due to the Uniform Transfer to Minors Act, if a beneficiary is a minor (under 18 years of age), the person must designate a custodian.
Not sure where to start? Learn the basics in our complete guide on how to create invoices before customizing your template.
Sample
FAQs
Yes. Our Beneficiary Invoice Template is completely free. No credit card required. No sign-up required to download or use. You are free to save it, edit it, or modify it to fit your needs.
Possibly. To edit an XLS or a Word document, you may need Microsoft Office installed on your computer. You can also possibly use Google Docs Online with your Google account
For help using Beneficiary Invoice Template, check out our resource at How to create invoices, which covers everything you need to know to make your own invoices.
If you just need to generate invoices online without downloading anything to your phone or computer you can use our Free Invoice Generator