Your estate. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your ▇▇▇▇ ▇▇▇ as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ beneficiary’s(ies’) lifetime. Each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ beneficiary(ies) files with us will cancel all previous ones. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.
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