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Transfer Instructions
Change of Account Owner Change of Account Owner and Change of Beneciary
(Same Beneciary) Change of Beneciary (Different Account (Same Account Owner)
Owner and Different Beneciary)
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Current Account Information
Account Number (Required)
Account Owner Social Security or Taxpayer Identication Number (Required)
Account Owner (First name) (Required) (M.I.)
Account Owner (Last name) (Required)
Beneciary (First name) (Required) (M.I.)
Beneciary (Last name) (Required)
Beneciary Social Security or Taxpayer Identication Number (Required) Telephone Number
Instructions
Please read the Michigan Education Savings Program Description before changing the
Account Owner and/or Beneciary on a Program Account. You may also wish to consult
with your nancial, legal and/or tax advisor before completing this form.
If a change of Account Owner is requested, and you have not already opened a new
account, you must also must submit an Account Application, along with this form
(unless the new Account Owner already maintains a Program Account for the Beneciary).
If a change of Beneciary is requested, the new Beneciary must be a “member of the
family” of the previous Beneciary, as described in Section 529 of the Internal Revenue
Code. A change of Beneciary is not permissible for custodial accounts opened under the
Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA).
A new account number will be assigned to the Account opened for the new Account
Owner and/or Beneciary, unless an Account already exists for that Account Owner/
Beneciary and the existing number is provided below.
A Medallion Signature Guarantee may be required in Section 4 for Accounts in which
the individual completing this form is acting in a legal capacity
as a representative of the
Account Owner.
Print in capital letters using blue or black ink, sign and date the form and mail it to the
Michigan Education Savings Program
Transfer Form
Program at the above address.
Important: To avoid adverse tax consequences on the Account transfer, the new Beneciary must be a Member of the Family of the former
Beneciary, as dened in the Michigan Education Savings Program Description. If the new Beneciary is not an eligible family member, the
change will be considered a Non-Qualied Withdrawal, which means that it may be subject to both state and federal income tax and an
additional 10% federal penalty tax on any earnings.
To request assistance in completing this form call us at 1.877.861.6377, Monday through Friday from 8 a.m. - 8 p.m. ET.
1.877.861.6377
Monday to Friday 8 a.m. - 8 p.m. ET
www.misaves.com
Regular mailing address:
Michigan Education Savings Program
P.O. Box 55451
Boston, MA 02205-5451
Overnight mailing address:
Michigan Education Savings Program
95 Wells Avenue, Suite 155
Newton, MA 02459
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Receiving Account
Account Number (Required) (If account is already established)
Account Owner Social Security or Taxpayer Identication Number (Required)
Account Owner (First name) (Required) (M.I.)
Account Owner (Last name) (Required)
Beneciary (First name) (Required) (M.I.)
Beneciary (Last name) (Required)
Beneciary Social Security or Taxpayer Identication Number (Required) Telephone Number
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Transfer Amount (Check and complete Section 3A or 3B.)
Note: Transfers (including when there is a change of Beneciary) from the Principal Plus Interest Portfolio to the Cash Equivalents and
Bank CD Portfolio are not permitted.
A. Entire balance. Once the transfer is completed, the original Account will be closed.
B. Partial balance. The Michigan Education Savings Program will keep the Account for the current Beneciary open. The dollar
amount you specify below will be transferred to the Account for the receiving Beneciary identied in Section 2.
Important: Transfers (including when there is a change of Beneciary) from the Principal Plus Interest Portfolio to the Cash
Equivalents and Bank CD Portfolio are not permitted.
Dollar amount OR Total balance
Name of Investment Option (For partial amounts.) (Check if applicable.)
$
, .
$
, .
$
, .
C. Transfer type. If an option is not selected below, the transfer amount will be allocated according to the receiving Account’s
existing allocation for future contributions.
Check one.
I want to transfer the assets in-kind. (An “in- kind” transfer will move the selected assets over to the receiving account
without a change in the currently held investment allocation(s).)
I want to transfer and allocate the assets according to the receiving Beneciary’s current allocations for future
contributions. (By selecting this option, the current investments will be liquidated, and the funds will be deposited into
the Receiving Beneciarys Account according to the allocation for future contributions on the new Beneciarys Account.)
This is where the transfer is going to different investment options.
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SIGNATURE AND AUTHORIZATION (THIS SECTION MUST BE SIGNED FOR THIS CHANGE TO TAKE EFFECT.)
By signing this form, I authorize the transfer of my Account to another Account Owner and/or to change the Beneciary
as indicated on this form. I acknowledge the following:
I certify that all of the information provided by me on this form is true, complete and correct.
If changing the Account Owner, the new Account Owner will submit an Account Application along with this form, unless he/she
already maintains a Program Account for the Beneciary and I have provided the existing account number in Section 2.
If changing the Beneciary, I agree to the same representations, warranties, and agreements for my new Beneciary as were stated
in the original Program Account Application for my current Beneciary and I certify that the new Beneciary is a “member of the
family” of the current Beneciary, as dened in Section 529 of the Internal Revenue Code. I understand that my existing banking
information and Successor Account Owner information, if any, will be copied to the new account.
If I am participating in Recurring Contributions, I understand that my participation in Recurring Contributions will be cancelled only
if I transfer my entire Account balance to a new Account Owner and/or Beneciary; otherwise my Recurring Contributions will
continue in my original Account unless an Account Features Form accompanies this form.
If I am making contributions by payroll direct deposit, I understand that my payroll contributions will continue into this Account,
regardless of the amount transferred, unless I notify my employer that I want to stop or change the amount of my payroll direct deposit.
If I am transferring my entire account balance to another Account Owner, I request the cancellation of my Participation Agreement and
the closure of my Account.
I certify that I am the Account Owner, or I have the authority to act as the Account Owner.
SIGNATURE
Signature of Account Owner Date (mm-dd-yyyy)
Medallion Signature Guarantee REQUIRED FOR CHANGES TO THE ACCOUNT OWNER OF AN
EXISTING ACCOUNT
A Medallion Signature Guarantee may be required for Accounts in which the individual completing this form is acting in a legal
capacity as a representative of the Account Owner.
You must provide the following information as underwritten certication that your signature is genuine.
You can obtain a Medallion Signature Guarantee from an authorized ofcer of a bank, broker, or other qualied nancial institution.
A notary public cannot provide a Medallion Signature Guarantee, nor can you guarantee your own signature.
Do not sign below until you are in the presence of the authorized ofcer providing the Medallion Signature Guarantee.
I certify that the information provided herein is true and complete in all respects, and that I have read and understand, consent, and
agree to all the terms and conditions of the Michigan Education Savings Program Description.
SIGNATURE
Signature of Current Account Owner (In the presence of the authorized ofcer.)
Signature Guarantor
Title
Name of Institution
Date (mm-dd-yyyy)
Authorized Ofcer to place stamp here
A40790:6/20
TIAA-CREF Tuition Financing, Inc., Program Manager. TIAA-CREF Individual & Institutional Services, LLC,
Member FINRA, distributor and underwriter for the Michigan Education Savings Program.
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