You can make sure that your mutual fund account passes to your desired heir by completing a ________ when you open your account.

Question

Quizplus · Accepted Answer

To ensure that your mutual fund account passes to your desired heir, you need to complete a beneficiary designation form when you open your account. This form allows you to name one or more individuals or entities as the beneficiaries of your account, which means that upon your death, your assets will pass directly to your named beneficiaries without being subject to probate. Choice A and B are not relevant to ensuring proper inheritance, and choice C is incomplete and does not provide guidance on how to ensure proper inheritance.

You Can Make Sure That Your Mutual Fund Account Passes