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fe 8 Form: What You Should Know

Sole custodian of funds, or any person having an interest in the deposit of a single transferor's interest for a period of 90 days shall designate a successor custodian. The sole custodian (or any person having an interest in the deposit of a single transferor's interest) shall pay the periodic benefits under the FE as determined under Section 1621.  The F-P (Form 5652) is a form that does not apply to a beneficiary whose total gross income is 40,000 or less. To the extent a beneficiary has total gross income that is in excess of 40,000, the F-P (Form 5652) is used only for payment of monthly benefits. The Form 5652 is only used when making a claim on the F-P. Only the beneficiary may use the F-P (Form 5652).  The F-P is only used to pay monthly benefits in the event of an accidental death of the owner(s) or employee of the property being insured for certain specified persons under Chapter 75 of the Code of Civil Procedure. The beneficiary may make a claim using any legal method. The beneficiary of a trust has the right to use any legal method for determining the amount of the monthly benefits in addition to the F-P. Beneficiaries may also use a procedure similar to that described below under the Trustee Procedures. (1) Beneficiaries may make a claim for disability. If the beneficiary is a public employee or as a dependent of a public employee, the disability amount that applies to the beneficiary must be included in the monthly benefit amount to be paid under the FE-P. (2) If a beneficiary who has an income above and below the FE-PCP amounts to the public employee for purposes of determining the income threshold that is used for entitlement to the FE-PCP, the beneficiary may make a claim using any legal method under paragraph (1) of this section. If the beneficiary is less than 100 percent of the public employee income threshold, the minimum monthly benefit amount for the beneficiary to be paid under the FE-P is 1,000. If the beneficiary is over 100 percent of the public employee income threshold, the minimum monthly benefit amount for the beneficiary to be paid under the FE-P is 2,000. (3) The beneficiary or dependents may make a claim for monthly benefits under the FE-P with no filing fee.

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