Letter of Instruction From Party Relinquishing Assets
Provide a letter from the individual who is relinquishing IRA assets under the terms of a separation or divorce settlement agreement. The letter must clearly state the following:
That s/he is transferring assets to his or her former or existing spouse due to divorce or legal separation
The account number(s), name of security/positions that are to be transferred and the amounts to be transferred. For cash transfers ensure that sufficient cash is available by selling securities, if necessary.
That s/he wants us to transfer specific amounts or percentages, as follows:
If a percentage is specified, the valuation date for calculation purposes will be the date we receive the instructions in good order.
If a percentage is specified as of a particular date, the relinquishing party must instruct Fidelity of the specific amount to transfer. We will not calculate percentages as of a particular date.
A relinquishing party must have his/her signature guaranteed, if the amount to be transferred is more than $100,000.