This is a friendly reminder from Texas CEF about an important step you can take as a valued investor. Your investment is already helping expand God’s Kingdom and reach people with the love of Jesus. Setting up beneficiaries ensures that your wishes are honored and your loved ones are protected.
Your investment already reflects a heart of stewardship, and we are so grateful for your partnership. As part of managing resources wisely, we encourage you to take a moment to review or update your beneficiary designations if you haven’t done so already.
- Ease for Loved Ones – By having beneficiaries in place, you can save your loved ones time, money, and unnecessary confusion during a difficult time.
- Avoid Probate Delays and Costs – When a beneficiary is listed, Texas CEF does not require the Executor to provide probate documentation, which can often be complicated and costly.
- Flexibility in Distribution – An investor can designate one or multiple beneficiaries and specify the percentage of funds each will receive.
- Ease for Loved Ones – By having beneficiaries in place, we can save our loved ones time, money, and unnecessary confusion during a difficult time.
Frequently Asked Questions About Beneficiaries
What types of investments are eligible for beneficiaries? Individual investments and Joint Tenants with Right of Survivorship (JTWROS) accounts are eligible for beneficiary designations. *Please note: Joint Owners on the investment cannot be beneficiaries.
What types of investments are not eligible for beneficiaries? Custodial investments, trusts, or business accounts are not eligible for beneficiary designations.
Does the beneficiary have to be a person? No! You can name a church or any organization as your beneficiary, including the Texas CEF Capital Fund if you wish your money to continue supporting our ministry.
Will the beneficiaries have access to my investments before my passing? No, beneficiaries are not owners of the investments. They will not receive any information regarding the investment(s) until Texas CEF is formal
Ready to add Beneficiaries? Visit https://texascef.org/investments/for-individuals/ to download the form today!
