Form H0059 Notification of Annuity Remainder Beneficiary - Texas

What Is Form H0059?

This is a legal form that was released by the Texas Health and Human Services - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form H0059?
A: Form H0059 is a document used in Texas to notify the state of the designated remainder beneficiary for an annuity.

Q: Who should fill out Form H0059?
A: The annuity owner or their representative should fill out Form H0059.

Q: What is a remainder beneficiary?
A: A remainder beneficiary is the person or entity who will receive any remaining funds from an annuity after the annuitant's death.

Q: Why is it important to notify the state of the remainder beneficiary?
A: Notifying the state ensures that the designated beneficiary is aware of their rights and can claim the remaining funds after the annuitant's death.

Q: Are there any fees associated with submitting Form H0059?
A: No, there are no fees associated with submitting Form H0059.

Q: Are there any deadlines for submitting Form H0059?
A: There are no specific deadlines for submitting Form H0059, but it is recommended to submit it as soon as possible after designating a remainder beneficiary.

Q: What other documents may be required when submitting Form H0059?
A: Other documents that may be required include proof of annuity ownership and proof of the designated remainder beneficiary's identity.