Yes! You can use AI to fill out Fidelity Advisor IRA Beneficiary Designation

This is one of the most frequent yet critical errors, often happening when people are in a hurry to complete the paperwork. An unsigned or undated form is legally invalid and cannot be processed by Fidelity, leading to outright rejection and significant delays in updating your beneficiaries. To avoid this, always perform a final review of Section 5, ensuring your signature and the current date are present before submission.

Filers often make simple math errors or forget to adjust percentages when adding or removing a beneficiary, resulting in a total that is not exactly 100%. This ambiguity can cause processing delays or lead to an unintended distribution of assets, as Fidelity may apply default rules to the unallocated portion. To prevent this, carefully double-check that the percentages for both Primary and Contingent beneficiaries each sum to 100%. AI-powered tools like Instafill.ai can automatically calculate and validate these totals to ensure accuracy.

A common misunderstanding is that this form adds to existing designations. However, the form explicitly states it replaces all previous designations in their entirety. If you only list a new beneficiary you wish to add, you will inadvertently remove all previously named ones, which can have devastating consequences for your estate plan. Always list all intended beneficiaries and their respective shares every time you submit this form, even if some are unchanged.

Each beneficiary entry requires a full name, date of birth, and Social Security Number (SSN) or Taxpayer Identification Number (TIN). People often forget this information or assume it's not mandatory, leading to an incomplete form that cannot be fully processed. This can complicate and delay the process for your heirs to claim the assets. Ensure every required field for each listed beneficiary is completed accurately before submission.

The form instructions state that leaving the Contingent Beneficiaries section blank will delete any previously designated contingent beneficiaries. Many people assume that leaving it blank will preserve their existing choices, but this is incorrect and results in no contingent beneficiaries being on file. If you wish to keep your current contingent beneficiaries or add new ones, you must fully complete this section with all their information.

Users often forget to list all the IRA account numbers in Section 3 that they want the new beneficiary designations to apply to. This error results in the updated designations only being applied to the listed accounts, leaving other IRAs with outdated or no beneficiaries. To avoid this, gather all your IRA account statements and carefully list every account number you intend to update on the form.

When designating a trust, filers must provide the full name of the trust, the date of the trust, the trustee's name(s), and the trust's Tax Identification Number. People frequently omit one or more of these details, which makes the designation incomplete and can cause significant legal and administrative problems upon the account owner's death. Always attach a separate sheet with all required trust details if the space provided is insufficient.

The form applies the same beneficiary designations to all accounts listed in Section 3. Some users mistakenly try to write notes in the margins to assign different beneficiaries to different accounts, but this will not be honored and will lead to rejection. The instructions clearly state that you must complete a separate form for each account or group of accounts that will have a unique set of beneficiaries.

By signing the form, the account owner automatically consents to receive all account communications electronically, as stated in Section 2. Some people may overlook this section or not realize its binding nature, expecting to continue receiving paper statements. This can lead to missed communications if they don't monitor the provided email address. Be aware that signing this form updates your delivery preferences across all your eligible Fidelity accounts.

This form is provided as a PDF that may not be easily fillable, leading people to print it and fill it out by hand. Illegible handwriting, especially for names, numbers, and percentages, is a common cause for rejection or data entry errors by the processing team. To ensure clarity and accuracy, use a tool like Instafill.ai that can convert any flat PDF into a fillable form, allowing you to type your information directly and avoid handwriting issues.