Beneficiary of Maturing Giftrust®
Certify Your Social Security Number (SSN) & Backup Withholding Status
It will only take a few minutes to certify your Tax Identification number, generally your Social Security number. We use this number for tax reporting purposes after your Giftrust® has matured and the Growth Fund shares have been transferred to your direct individual ownership. This certification allows you to avoid IRS imposed withholding on any transactions you make on the shares after they've been transferred to your individual name.* Review the You've Been Given a Gift brochure, mailed before your maturity date.
You will need:
The account number provided on your maturity letter (or account confirmation)
Your Social Security number
If today is your maturity date (shown on your letter), please wait until tomorrow to certify your SSN to avoid creating a duplicate account number.
If the name on Giftrust account does not match your current name, please complete the Notice of Name Change form. This form will also certify your Social Security Number.
On January 1, 2005, a law took effect in the state of Missouri, where Giftrust® accounts are administered, that permits the early termination of Giftrusts without court involvement, if certain conditions are met.
Certify Your SSN
It will only take a few minutes to certify your Tax Identification number, generally your Social Security number.
If your certified Tax Identification number is not on file at the time of a distribution, exchange or redemption, we're required to deduct IRS and/or state-imposed backup withholding from the transaction (generally 28% of the amount distributed or redeemed).
Giftrust® is an irrevocable trust designed to be given as a long-term gift to someone other than yourself or your spouse and is not available for an IRA. The Giftrust investment is invested in the Growth fund.