St. Joseph: Traditional IRA

  • Traditional Application

  • 19 of 25 max characters
  •   SECTION 1 | Type of Account and Title

  • Example: TRADITIONAL: Preferred Trust Company, LLC FBO (For the Benefit Of) Jane Doe, IRA or INHERITED: Preferred Trust Company, LLC FBO Jane Doe, Inherited IRA John Doe
    0 of 100 max characters
  •   SECTION 2 | IRA Account Owner Information

  • To help the government fight the funding of terrorism and money laundering activities, Federal law (Section 326 of the USA PATRIOT Act of 2001) requires all financial institutions to obtain, verify and record information that identifies each individual or institution who opens an account with Preferred Trust Company. When you open an account, we are required to obtain your name, address, date of birth, social security number or tax identification number and other information that will allow us to identify you. As appropriate, we may also ask to see your driver's license or other identifying documents. This information will be verified to ensure the identity of all persons opening an account. The information may be compared to information obtained through third party sources, as permitted by law. If we cannot verify this information, your account may not be opened, or it may be restricted and/or closed. Preferred Trust Company is not responsible for any losses or damages including, but not limited to, lost opportunities you may incur.
  • Government Issued Identification

    Please complete the information below; approved documents include any unexpired, government issued photo ID including a driver’s license, U.S. passport, state issued photo ID card or military ID.
  • Please use two letter abbreviation
    0 of 2 max characters
  •   SECTION 3 | Automatic Contribution (not applicable to Inherited IRAs)

  • Preferred Trust Company accepts automatic cash contributions to an IRA account. There is no fee associated with automatic contribution transactions. Funds are deducted from a checking or savings account. The financial institution must be a member of the Automated Clearing House (ACH). Deductions will be processed on or about the 5th and/or the 20th of each month. The minimum automatic contribution is $25.00 and the maximum is dependent on the allowable maximum amount in accordance with IRS rules and regulations of Publication 590 for the current year. Preferred Trust Company reserves the right to cancel an automatic contribution should the ACH deduction be rejected due to insufficient funds or incorrect account information.
  • (minimum $25.00)
  • Bank Information

    Preferred Trust Company requires a copy of a VOIDED check for Automatic Contributions to be setup. Notify Preferred Trust Company if the bank information changes. An ACH that is rejected will be assessed a $30.00 ACH Automatic Contribution Rejection Fee.
  • Max. file size: 1 GB.
  •   SECTION 4 | Beneficiary Designation Information

  • At the time of my death, the primary beneficiaries named below will receive my IRA assets. If all of my primary beneficiaries die before me, the contingent beneficiaries named below will receive my IRA assets. In the event a beneficiary dies before me, such beneficiaries share will be reallocated on a pro-rata basis to the other beneficiaries that share the deceased beneficiaries classification as a primary or contingent beneficiary. If all of the beneficiaries die before me, my IRA assets will be paid to my estate. If no percentages are assigned to beneficiaries, the beneficiaries will share equally. If the percentage total for each beneficiary classification does not equal 100%, any remaining percentage will be divided equally among the beneficiaries within such class. This designation revokes and supersedes all earlier beneficiary designations which may apply to this IRA.
  • How Many Beneficiaries Would You Like to Add?
  • Beneficiary #1

  • Please DO NOT include “%” in your field. Please enter percentage as a number only: example: 100
  • Maximum of 30 characters per field
  • Select date MM slash DD slash YYYY
  •   SECTION 5 | Spousal Consent

  • This section should be reviewed if either the trust or the residence of the account owner who may reside in a community or marital property state and the account owner is married. Due to the consequences of giving up one’s community property interest if the spouse is not identified as a 50% beneficiary to the IRA, the spouse is advised to seek legal opinion and may be required (if in a community or marital property state) to sign this section prior to the IRA being opened. If the spouse is not identified as a 50% beneficiary to the IRA and the account owner is in a community or marital property state, the spouse will be required to consent to grant the account owner any interest they have in the funds or property deposited in this account and consent to the beneficiary designations identified by the account owner and assume full responsibility for any adverse consequences that may result.
  •   SECTION 6 | Interested Party Designation

  • Complete the information below only if you wish to authorize an individual to receive information on your account. I hereby designate the below-mentioned Interested Party Designee subject to all applicable terms and provisions stated in the Custodial Agreement. I authorize this Interested Party Designee to receive statements and other account information from Preferred Trust Company as Custodian via written, telephonic or electronic communications. I agree that Preferred Trust Company as Custodian is under no duty to investigate or inquire about the Interested Party Designee. I understand that this individual is not authorized to execute transactions on my behalf. I understand that I may revise this information at any time by giving written notice to Preferred Trust Company. If an IRA Account Owner would like to grant an Interested Party Agent authorization to execute transactions on their behalf, Preferred Trust Company as Custodian requires a Limited Power of Attorney on file.
  • 0 of 30 max characters
  • 19 of 30 max characters
  •   SECTION 7 | Privacy Policy

  • Privacy Policy
  •   SECTION 8 | Preferred Trust Company Disclosure Statement

  • Company Disclosure Statement
  •   SECTION 9 | Preferred Trust Company Custodial Agreement

  • Custodial Agreement
  •   SECTION 10 | Preferred Trust Company Fee Schedule

  • Fee Schedule
  •   SECTION 11 | Acknowledgement Signatures

  • Important Information About Procedures for Opening a New Account
    To help the government fight the funding of terrorism and money laundering activities, Federal law (Section 326 of the USA PATRIOT Act of 2001) requires all financial institutions to obtain, verify and record information that identifies each individual or institution who opens an account with Preferred Trust Company. When you open an account, we are required to obtain your name, address, date of birth, social security number or tax identification number and other information that will allow us to identify you. As appropriate, we may also ask to see your driver's license or other identifying documents. This information will be verified to ensure the identity of all persons opening an account. The information may be compared to information obtained through third party sources, as permitted by law. If we cannot verify this information, your account may not be opened, or it may be restricted and/or closed. Preferred Trust Company is not responsible for any losses or damages including, but not limited to, lost opportunities you may incur.

    Application and signatures are valid for 120 days from the date of original signature.
    I certify that the information provided by me on this Application is accurate, and that I have received a copy and agree to be bound by the terms and amendment thereto of the Privacy Policy, Disclosure Agreement, Custodial Agreement, Fee Schedule, and Form 5305 (Individual Retirement Trust Account). I assume sole responsibility for all consequences relating to my actions concerning this IRA. I understand that I may revoke this IRA on or before seven (7) days after the date of establishment. I have not received any financial, tax or legal advice from Preferred Trust Company, LLC, and will seek the advice of my own tax or legal professional to ensure my compliance with related laws. I release and agree to hold Preferred Trust Company, LLC harmless against any and all claims or losses arising from my actions.

    Electronic Signature
    The parties agree that the electronic signature of a party to this Agreement shall have the same legal validity and enforceability as a manually executed signature or use of a paper-based recordkeeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act or any similar state law based on the Uniform Electronic Transactions Act, and the parties hereby waive any objection to the contrary. This electronic signature shall be effective to bind this Agreement. The parties agree that any electronically signed document (including this Agreement) shall be deemed (i) to be “written” or “in writing,” (ii) to have been signed and (iii) to constitute a record established and maintained in the ordinary course of business and an original written record when printed from electronic files. Such paper copies or “printouts,” if introduced as evidence in any judicial, arbitral, mediation or administrative proceeding, will be admissible as between the parties to the same extent and under the same conditions as other original business records created and maintained in documentary form. Neither party shall contest the admissibility of true and accurate copies of electronically signed documents based on the best evidence rule or as not satisfying the business records exception to the hearsay rule. For purposes hereof, “electronic signature” means a manually signed original signature that is then transmitted by electronic means; “transmitted by electronic means” means sent in the form of a facsimile or sent via the internet as a “pdf” (portable document format) or other replicating image attached to an e-mail message; and, “electronically signed document” means a document transmitted by electronic means and containing, or to which there is affixed, an electronic signature.
  • MM slash DD slash YYYY