All The Forms

Starter Kits

All of the forms are included, along with step-by-step instructions and a helpful checklist to make sure you remember to fill everything out. (Originals Required) Mail Original Documents to: Next Generation Services 75 Livingston Avenue, Suite 304 Roseland, NJ 07068

Account Management

Use this General Application to open a Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, or Health Savings Account. Please complete all sections completely and download the appropriate disclosure document for the type of account you are opening. Use a separate application for each account you wish to open. Be sure to include a legible copy of your photo ID when establishing a new account. (Original Required)

REQUIRED FOR ALL NEW ACCOUNTS. This form confirms your understanding of certain important aspects of your self-directed account, and must be witnessed by a notary. (Original Required)

Use this additional required form only if you are opening a SEP (Simplified Employee Pension) IRA to establish the plan eligibility rules. (Original Required)

Use this Application to open a Coverdell Education Savings Account (ESA). Please complete all sections completely and download the 5305EA disclosure for your records. Be sure to include a legible copy of the Depositor’s photo ID when establishing a Coverdell. (Original Required)

Use this optional form to give other individuals certain rights pertaining to your account. By completing the Interested Party section, you can allow our office to provide information about your account (such as balances, or the status of transactions) to the Interested Party. By completing the Limited Power of Attorney section you are authorizing that individual to conduct transactions within your account. In either case, the form must be witnessed by a notary. (Original Required)

Use this form to designate or change the beneficiaries for your account. This form is not required when opening a new account, as the information is incorporated into the application. Use this form to name or change beneficiaries at any time after your account has been established. (Original Required)

Use this form to update or change the address on file for your account. All acceptable “Proof of Address” types are noted on the form. (Fax/Scan Accepted)

Fee Information

REQUIRED FOR ALL NEW ACCOUNTS. Use this form to indicate your choice of annual fee structure, as well as your billing preferences for the account. Be sure to review this carefully, as it contains information about all fees that could apply to your account.

REQUIRED FOR ALL PRECIOUS METAL NEW ACCOUNTS. Use this form to indicate your storage facility choice, as well as your future billing preferences for the account. Be sure to review this carefully, as it contains information about all fees that could apply to your account.

Use this optional form if you want to use a credit card to pay your account fees. The form can be used for one-time or recurring payments. (Fax/Scan Accepted)

Funding Your Account

Use this form if you are making a deposit to your account, including annual contributions and income from assets held in your account (such as loan payments or rental income). Do not use this form for deposits related to rollovers, Roth Conversions, or the sale of an asset within your account. (Fax/Scan Accepted)

Use this form to move funds or other assets from an account at another institution to the same type of account at Next Generation. This type of fund movement is not reported to the IRS and can be done as often as you would like. Remember to check with the other institution to find out if they require a Medallion Guarantee in order to release your funds. We will require a current account statement from the relinquishing custodian in order to process. (Original Required)

Use this form to confirm the source of funds or other assets being rolled over into your Next Generation account. This may be used for funds coming from Employer Plans (such as 401k) as well as from other IRAs. This type of fund movement is reported to the IRS. Next Generation will not initiate this movement of funds, so you must contact the other institution directly. Funds Rolled over from an IRA must be put back into an IRA within 60 days, and this type of rollover can only be done once per 12 months from that account. (Fax/Scan Accepted)

Use this form to request a Conversion to a Roth IRA. If you are converting funds or other assets from an existing Next Generation account, you must have a Roth IRA established in order to complete the conversion. If you do not already have a Roth IRA at Next Generation you will need to complete the new account documents. This form is also used to document funds or other assets coming from another institution for deposit as a Conversion to your Roth IRA at Next Generation. (Fax/Scan Accepted)

Use this form to instruct Next Generation to fund or further fund a brokerage account investment within your account. (Fax/Scan Accepted)

Use this form to confirm the source of funds or other assets being rolled over into your Next Generation account past the 60 day window allowed for rollovers. This may be used for funds coming from Employer Plans (such as 401k) as well as from other IRAs. This type of fund movement is reported to the IRS. Next Generation will not initiate this movement of funds, so you must contact the other institution directly. Discuss with a tax professional if an exception applies to you. (Fax/Scan Accepted)

Use this form to recharacterize a Conversion to a Roth IRA back to a Traditional or SEP IRA. If you are converting funds or other assets from an existing Next Generation account, you must have a Traditional or SEP IRA established in order to complete the conversion. (Original Required)

Transaction Documentation

Use this form to instruct Next Generation to make any investment within your account. Complete the appropriate sections of the form depending on the type of asset that you are purchasing. Please note that additional supporting documents are usually required, but vary depending on the type of investment. Please speak with an Account Representative to confirm what information will be necessary to process your request. (Fax/Scan Accepted)

Use this form in conjunction with a Buy Direction Letter and other supporting documents if you are instructing Next Generation to invest your account into any sort of Private Placement or other private entity, such as an LLC, LP, Private Stock, Hedgefund, etc. (Fax/Scan Accepted)

Use this form in conjunction with a Buy Direction Letter, Private Placement Instruction letter and other supporting documents if you are instructing Next Generation to invest your account into any sort of Private Placement or other private entity, such as an LLC, LP, Private Stock, Hedge Fund, etc. This form is to be completed, signed and dated by an eligible party of the investment entity. (Fax/Scan Accepted)

Use this form to instruct Next Generation to pay expenses associated with any asset in your account. Remember that all asset-related expenses must be paid from your account, and cannot be paid personally out of pocket. You should attach any invoice or other supporting information to this form. (Fax/Scan Accepted)

Use this form to report changes to the fair market value of assets held in your account. Each account holder is responsible for providing an annual report of the fair market value of all account assets to Next Generation. This form may also be needed when performing a Roth conversion of assets, or if taking a distribution of assets in-kind. This form must be submitted with supporting documents. (Fax/Scan Accepted)

This is a guide with more details about how to complete the Fair Market Valuation Form and supporting documentation.

Use this form to instruct Next Generation to sell or liquidate any investment within your account. Complete the appropriate sections of the form depending on the type of asset that you are selling/liquidating. Please note that additional supporting documents may be required, but vary depending on the type of investment. Please speak with an Account Representative to confirm what information will be necessary to process your request. (Fax/Scan Accepted)

Use this form to provide us with outgoing Wire or ACH (direct deposit) instructions for funds going from your account to anyone. This includes purchases, payments, as well as distributions to you directly. Be sure to get this information from the bank where funds are being sent, in order to prevent misdirected funds. (Fax/Scan Accepted)

Use this form to request distributions of cash or assets from your account. Note that any distribution will be reported to the IRS and may be a taxable event, depending on the type of account and reason for distribution. Feel free to contact our office for general information, or you may contact your tax advisor for more information about the specific tax effects for your situation.

Use this form for an Unsecured Loan Application. Feel free to contact our office for general information, or you may contact your tax advisor for more information about the specific tax effects for your situation.

Account Disclosures

Save this Disclosure for your records if you are opening a Traditional IRA or SEP IRA. This form does not require any signature, and is for your records only.

Save this Disclosure for your records if you are opening a Roth IRA. This form does not require any signature, and is for your records only.

Use this form if you are opening a SIMPLE IRA.

Save this Disclosure for your records if you are opening a Health Savings Account. This form does not require any signature, and is for your records only.

Save this Disclosure for your records if you are opening a Coverdell Education Savings Account. This form does not require any signature, and is for your records only.

Help Viewing & Submitting Forms

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Filling out forms and applications

The following video will help you get started filling out the required forms. If you have any additional questions, please don’t hesitate to contact our office to discuss your particular situation.

Important Notice and Disclaimer

Please send all documentation to Next Generation Services. Sending documentation to Next Generation Trust Company may result in delays of review and processing times. Please note: We attempt to answer all emailed inquiries within one business day. Before a client transaction goes into the queue to be processed, administrative review will be between two and five business days depending on the complexity of the transaction and our volume of transactions. Investment documents are processed in the order in which they are received. Most transactions are completed in two business days provided that we have original, correct documents and cleared funding.

*** NOTICE ***

Next Generation Services (“NGS”) does not review the merits or legitimacy of any investment. NGS does not endorse or recommend any companies, products, services or investments. NGS does not provide any financial, legal or investment advice. If the services of NGS were recommended by any third party, such persons or entities are not in any way affiliated with NGS. NGS is not a “fiduciary” as defined in the IRC, ERISA, and/or any applicable federal, state or local laws. All information provided is for educational purposes only. All parties are encouraged to consult with their professional advisors prior to making any investments.