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N A beneficiary designation is only valid during tax years. For current information consult the Internal Revenue Code provisions and IRS Publication 501. A new designation is not valid for one year after account creation. Instructions to determine beneficiary designation are only applicable to accounts under a previously created designator. 1. The beneficiary designation may appear as a designator number on Form 8949 or as a name of the individual designated on a separate Form 8949. In either case, if you have designated a beneficiary, we encourage you to refer to instructions given in this section, as well as applicable provisions of the Internal Revenue Code. See also the Notice for Service members, Retirees, and Germs (No. 1), dated October 29, 2016. 2. A beneficiary designation (for purposes of the tax treatment of nonqualified deferred compensation), a designated beneficiary, and designated beneficiaries are each described as follows. The “Designated Beneficiary” and “Designated Beneficiary Designation” may appear on one form, or on two different forms. The “Designated Beneficiary(s)” are those individuals directly under an individual who is designated as a designated beneficiary to receive the nonqualified deferred compensation. The “Designated Beneficiary Designation” is the form to use to indicate each designated beneficiary. “Designated Beneficiary” is defined as a designated person, including a spouse, a designated survivor, and a child, an estate, or another person related by blood or marriage as the designated beneficiary and who is (1) legally responsible for the distribution of the trust property, (2) responsible for carrying out the provisions of the trust, and (3) not prohibited by section 408 or 4975 from receiving distributions under the trust on behalf of the trust. For purposes of the tax treatment of nonqualified deferred compensation other than qualified deferred compensation, in addition to designated beneficiaries, a designated beneficiary designation (if applicable) may also appear on a separate Form 8949 that is required by § 2634.203-2. The “Designated Beneficiary” and “Designated Beneficiary Designation” designation may appear on one form, or on two different forms. A “Designated Beneficiary” is described as, with respect to the trust funds, an individual who is designated as the beneficiary. A “Designated Beneficiary” may identify more than one person as the designated beneficiary, although it may not do so in every case.