Yes! You can use AI to fill out TIAA Brokerage Joint Transfer on Death Account Agreement

This mistake occurs when the percentages assigned to beneficiaries do not total exactly 100% for each section (Primary and Contingent). People often miscalculate or assume the total can be something other than 100. An incorrect total can lead to the form being rejected or the firm defaulting to an equal distribution, which may not align with the account owner's wishes. To avoid this, double-check that the sum for all primary beneficiaries is 100% and the sum for all contingent beneficiaries is also 100%.

Step 4 is frequently filled out incorrectly due to its conditional logic based on state residency and marital status. Account owners in community property states (AZ, CA, ID, LA, NV, NM, TX, WA, WI) who are married to someone other than their joint account holder must have their spouse sign. Failure to secure this signature can invalidate the beneficiary designations and lead to legal challenges from the spouse upon the account owner's death. Carefully read the instructions for both the primary and secondary account owner to determine if a spousal signature is required.

As this is a joint account agreement, the form is invalid unless signed by both the Primary and Secondary account owners in Step 5. Often, one owner completes the form but forgets to obtain the other's signature before submitting it. This will cause immediate rejection of the form, delaying the establishment of the Transfer on Death instructions. Always ensure both parties have signed and dated the document before submission.

The form explicitly states it is for taxable Brokerage accounts and not for retirement accounts (like an IRA). People may overlook this instruction in a hurry, assuming one beneficiary form works for all account types. Submitting this form for a retirement account will result in it being rejected, leaving the retirement account's beneficiaries unchanged and potentially outdated. Always confirm you are using the correct form for your specific account type.

While the form only requires a name and date of birth, failing to provide additional details like a Social Security Number and current address is a common oversight. This lack of information can significantly delay the distribution process, as the firm will have difficulty locating and verifying the beneficiary's identity. To ensure a smooth transfer of assets, provide as much complete and accurate information for each beneficiary as possible. AI-powered tools like Instafill.ai can help by flagging missing required or recommended fields.

Many people are unfamiliar with the legal term 'Per Stirpes' and either ignore the checkbox or check it without understanding its meaning. Checking this box means that if a beneficiary predeceases you, their share will automatically pass to their children or other descendants. Not selecting it when intended, or selecting it by mistake, can lead to assets being distributed in a way the account owner did not want. It is crucial to understand this option or consult an advisor before making a selection.

The submission instructions on the final page state to 'return all numbered pages, including any pages you didn’t need to complete.' It's a common mistake to only send back the pages that were filled out, like the signature and beneficiary pages. This can cause the submission to be considered incomplete, as the full agreement terms are missing, leading to processing delays or rejection. Always submit the entire multi-page document as a single package.

Step 5 explicitly states that the form 'cannot be signed by a Power of Attorney (POA).' An individual holding a POA for an account owner might assume they can sign on the owner's behalf, especially if the owner is incapacitated. Signing as a POA will render the beneficiary designation invalid and cause the form to be rejected. The account owners themselves must personally sign the document.

Account holders sometimes misunderstand the hierarchy, believing a contingent beneficiary is linked to a specific primary beneficiary. The form clearly states contingent beneficiaries only inherit if ALL primary beneficiaries are deceased. This misunderstanding can lead to unintended consequences where a person listed as contingent receives nothing if even one primary beneficiary is alive. To avoid this, ensure you understand that the contingent pool is a backup for the entire primary pool, not for individuals within it.

When more beneficiaries are needed than space allows, the form requires attaching extra pages with specific information. A common error is to attach a simple list of names without including the account number, a separate signature, and date on each additional page as required. This omission can invalidate the designations on the extra pages, leaving those intended beneficiaries out of the distribution plan. Follow the instructions precisely for any supplemental documents.

In Step 1, the names of the account owners must exactly match the names on the existing brokerage account. People may inadvertently use a nickname, a shortened name, or omit a middle initial or suffix that is part of the official account title. This discrepancy requires manual verification, delaying the processing of the form until the identity of the owners can be confirmed. Using a tool like Instafill.ai can help prevent this by pre-filling information exactly as it appears on your account profile.