If your name has changed after signing up for your individual retirement account (IRA), a general protocol must be followed across the board for you to update the name on your account. You can change the name on the account due to a marriage, divorce, legal name change or for a misspelled name on the account. To change your name, simply contact the financial institution that issued you the IRA account and advise the company that you would like to obtain an IRA account change or name change form. The exact name for the form will vary by institution.
Things You'll Need
- Account change form
- Proof of name change
- Notary public
Complete the name change form by entering information such as your current name, Social Security number and account number as the current account holder.
Document your new name in the designated box of the application as well as your former name. To change the beneficiary name, you will need to enter information such as the new beneficiary's name, his relationship to you, his birthday, Social Security number, address and the share percentage of the IRA.
Gather a certified copy of your name change if you are changing the name for a reason other than the name being misspelled. You can get a certified copy of your name change by contacting the state department of vital records for the state the name was changed in. If your name changed due to marriage or divorce, you can use a certified copy of the marriage or divorce decree.
Determine whether the form has to be notarized by a notary public. This information will be included on the form. If the form has to be notarized, take it to a notary public before signing and dating the form. The notary public must witness you signing the form before she can place a notary seal on it.
Mail the notarized form, along with your documentation from Step 4, to the address designated on the form.
How to Change IRA Institutions
IRA institutions manage and distribute funds for IRAs, or individual retirement accounts. There may come a time when you think it's time...
How to Change Your Name After Marriage
Changing your last name after you get married is an old tradition that has been around for a long time. Whether the...