Rollover Form by mallorycarlson

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									                                                                                                             Rollover Form
                                                                                                              Account Number
                                                                                                                Branch       Account               T    C       FA

For help in completing this form, please contact your Morgan Stanley Smith Barney Financial Advisor.

 1. Type of Request
 Please check those that apply:
    Within Bright Start from one Account to another Account for a different Beneficiary who is a “member of the family” of the current Beneficiary as set forth
    in the Federal Code Section 152(a).

 Rollover funds into Bright Start from another 529 Program

                For a new Beneficiary who is a “member of the family” of the current Beneficiary as set forth in the Federal Code Section 152(a).
                For the same Beneficiary from another non-Illinois 529 Program (permitted only once per 12 months).


     Rollover into Bright Start from the redemption of a Qualified U.S. Savings Bond Series EE issued January 1990 or later, or Series I, or from a Coverdell
     Education Savings Account. The Beneficiary can be the same or can be a “member of the family” of the current Beneficiary.


     Transfer into Bright Start from another Illinois 529 Plan
     Check this box if you want to transfer all or a portion of assets from another Illinois Section 529 Plan account into a Bright Start Account for the
     same Beneficiary. This type of transfer is considered a change of investment option. Your request will not be processed if a change in investment
     has already been made during the calendar year for any account you maintain for this Beneficiary in Bright Start or any other Illinois Section 529
     Plan. Once this request is processed, you will not be permitted to change the investment option within the current calendar year for any account
     you maintain for this Beneficiary in Bright Start or any other Illinois Section 529 Plan. You must have an account with Bright Start.

 2. Rollover Amount and Method
                Check if rollover is the total Account balance OR indicate the amount of the rollover:        $
                Check if you have already withdrawn the rollover amount. All rollovers that are to be deposited into a Bright Start Account must be deposited
                within 60 days of withdrawal from the Transferring Account. You must attach a check made payable to Bright Start and attach a copy of a
                statement from the former financial institution showing the contribution and earnings amounts.

 NOTE: You cannot add additional contributions if the total account balance for all accounts held on behalf of your Beneficiary under Bright Start or any other Illinois
 Section 529 Plan exceeds the maximum account balance limit ($235,000) when your rollover is deposited.

 3. Transferring Account: Rollover from Information
 Owner/Custodian’s Name                                                               Beneficiary’s Name


 Owner/Custodian’s Social Security Number or Tax ID                                   Account Number




 4. Receiving Account: Rollover to Information
 If a Bright Start Account needs to be opened, an Account Application must accompany this request. Leave Account number blank.
 Owner/Custodian’s Name                                                               Beneficiary’s Name


 Owner/Custodian’s Social Security Number or Tax ID                                   Account Number




FOR 5860 (06/2009) Page 1 of 3
 5. Information about Other 529 Program
 Complete this section only if you are rolling funds from another 529 Program. Bright Start will contact that Program using the letter attached to this form.
 Name of Program                                                                     Program’s Telephone Number


 Program’s Address



 6. Signature of Account Owner
 By signing below, I authorize the Program Manager of the Transferring Account to liquidate my investment and rollover the assets to the Receiving Account,
 both of which are listed above. I certify that I have not rolled over these assets between non-Illinois Section 529 Plans for the same Beneficiary within the last
 12 months. If the assets are coming from another Illinois 529 Plan, I certify that a change in investment election has not occurred for the same Beneficiary
 within the current calendar year. If rolling assets to a new Beneficiary, I certify that the new Beneficiary is a “member of the family” of the current Beneficiary
 listed in the Transferring Account. I further certify that if I have already withdrawn the amount for deposit into a Bright Start Account, this request is within 60
 days of that withdrawal.

 I understand that rollovers, deposits or Beneficiary changes not meeting these conditions may result in the earnings portion of the rollover being considered a
 Non-Qualified withdrawal subject to federal income taxes and any applicable state income tax as well as an additional 10% federal tax. I understand that the
 Transferring Firm is responsible for providing the Receiving Firm with a statement certifying the breakdown of contributions and earnings of the amount
 transferred. I further understand that until such statement is provided, the Receiving Firm will treat the entire amount of the rollover as earnings.

 If the Account is an UTMA/UGMA Account or owned by a minor, I further certify that I am the custodian of the Account or the parent/guardian and that the
 rollover request is necessary for the welfare of the Beneficiary. If the Account is owned by an entity or trust, I certify that I am authorized by the entity or trust
 identified in Section 3 to act on its behalf in making this Rollover.
 Signature of Account Owner, parent or guardian (if Account Owner is a minor) or custodian                                 Date




   Note Regarding Federal Income Tax and Gift Tax: A permissible rollover will not be subject to federal income tax, except that such rollover will potentially be
   subject to gift tax and generation-skipping transfer tax if the new Beneficiary is of a younger generation than the current Beneficiary being replaced. Neither
   OFI Private Investments Inc. nor Oppenheimer Funds Distributor, Inc. give tax and/or legal advice. You should consult your tax and/or legal advisor before
   requesting a Rollover to a new Beneficiary who is of a younger generation than the current Beneficiary.


                                             FOR MORGAN STANLEY SMITH BARNEY USE ONLY

Branch Procedures
        1. If a new Bright Start Account is required, open the new Account in the branch following existing procedures.
        2. If the transfer is from another Illinois 529 Plan account, verify that an investment election change has not yet occurred for a
           Morgan Stanley Smith Barney account owned by the Account Owner for the Beneficiary using existing procedures.
        3. Write the Account number on the top of the first page of this form.
        4. Scan the form using the Barcode Standing Files batch class.
        5. Once the form has been scanned, mail the form to the delivering 529 Plan.
        6. When the check is received, deposit it as follows:
            • Principal amount must be deposited using deposit code “IKR.”
            • Earnings amount must be deposited using deposit code “IKE.”
            • If no breakdown is provided, the entire amount must be deposited as Earnings “IKE.”
        7. When received, scan in the Principal and Earnings letter if one accompanies the check using code 0136.
        8. If rolling funds into Bright Start from another 529 College Savings Program, complete the attached letter and mail it and a copy of this form to the
           Program identified in Section 5.




FOR 5860 (06/2009) Page 2 of 3
IL0000.501.0707
Date:


Transferring Program Name and Address:




Re:     Account Owner Name:


        Beneficiary Name:


        Account Owner’s SSN:             —          —


To Whom It May Concern:

At the request of the above-referenced Account Owner, the Bright Start College Savings Program authorizes you
to transfer to Bright Start the amount indicated in Section 2 on the attached Rollover Form. Please refer to
Section 3 for further information regarding the account in your Program. The Bright Start College Savings
Program is a qualified tuition program under Section 529 of the Internal Revenue Code and will accept this
rollover of assets.

Please mail a copy of this letter, a rollover check made payable to Bright Start, and a letter or copy of the
Owner’s statement that details the portion of the rollover that represents contributions and earnings to the
following Morgan Stanley Smith Barney branch address:




Should you have any questions, please do not hesitate to contact us at:                             .


Sincerely,




Bright Start College Savings Program

								
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