Sentences with phrase «name of beneficiary person»

For Further Benefit to: Name of Beneficiary person / Business, Account number (Full Checking or Savings account number)

Not exact matches

In consideration of being permitted to participate in any way in the ALL SPORTS SERIES AND CHICAGO SPORT & SOCIAL CLUB, INC. («CSSC») and its affiliates (CSSC and its affiliates are referred to collectively as the «CLUB»), the sufficiency of which consideration is expressly acknowledged, and intending to be legally bound, do hereby, for myself, my heirs, executors, administrators, insurers, assigns, attorneys, representatives, agents, beneficiaries, legatees, representatives, successors, assigns and any other persons who may make claims on my behalf (collectively the «RELEASORS») Program indicated below and / or being permitted to enter for any purpose any restricted area (here in defined as any area where in admittance to the general public is prohibited), the participant and the parent (s) and / or legal guardian (s) of the minor participant named below agree:

To Labour laughter, he added: «This must be the only tax change in history when the people proposing it — the opposition leader and the shadow chancellor — will know by name almost all of the potential beneficiaries.

Typically, any person or entity can be named a beneficiary of a trust, will or life insurance policy, and the one distributing the funds, or the benefactor, can put various stipulations on the disbursement of funds, such as the beneficiary attaining a certain age or being married.

Contact the person you intend to name as the beneficiary and ask for his date of birth and Social Security number.

Consider naming the person who would be responsible to pay off your loans in the event of your death (i.e. co-signer, spouse, etc) as the beneficiary of the policy so that they can receive the cash directly from the insurance company.

If you have relatives or people that you're close to that you would trust to handle your funeral, we generally recommend that you name them as your beneficiary instead of a funeral home.

Generally, if you die prior to your attained age 70 1/2 and you have named persons other than your spouse as beneficiary, the entire IRA must be distributed by December 31 of the year containing the fifth anniversary of your death.

When someone is named a beneficiary and dies with the insured in a car accident or within a very short period of time (hours, not days, but that is driven by each state), then sometimes the money will go around that person and to the contingent beneficiary.

People often buy life insurance to protect the financial wellbeing of their children, but it's not advisable to name minors as beneficiaries.

An agreement that names a trustee who holds legal possession of a fund or an asset for the benefit of another person or entity, known as the beneficiary.

Make sure the name of the person or persons you intend as your beneficiaries are included in your IRA account records.

If you were to die tomorrow, the person named as the beneficiary of your account would receive a check — life insurance proceeds — in the amount of $ 80,000 even though the investments in the annuity are currently only worth $ 60,000.

However, a gift of assets to a non-spousal trust that names other persons as beneficiaries usually results in a disposition of those assets at fair market value for income tax purposes.

The policyowner can name one person as a beneficiary, like a spouse or child, or multiple people, with the death benefit split into percentages until 100 % of the death benefit is accounted for.

The beneficiary is the person or entity named as the recipient of your policy's death benefit.

Therefore, should the insured person pass away when the insurance policy is in force, the named beneficiary will receive the proceeds for the purpose of paying the insured's final expense costs.

In either of these situations, the proceeds of the TFSA will be distributed to the person named as your beneficiary.

If you plan to give thousands of dollars to a special kid, you can set up a 529 account on your own and name the kid as a beneficiary, but for most people that's an excessive gift.

These accounts typically aren't considered part of the estate and will go directly to the person who is named as the beneficiary instead of being used to pay off debts.

A surviving owner, co-owner, or beneficiary wants to remove the name of a deceased person and have the bond reissued in the survivor's name alone or in the survivor's name with another person as a co-owner or beneficiary.

For instance, a single retired person who gets married a few years into retirement would need income to cover two individuals, not just one — and would likely need to revisit estate planning To stay on top of potential family changes, each year review important estate planning documents — including beneficiaries named on retirement accounts, the person named as a power of attorney, and who will direct the living will.

1835 Younge Street, 8th Fl., Toronto, On, M4S 1X8, Canada Contact Persons: Geoffrey Martin (Advisor / Senior Vice President - Institutional Trading), John Adams (Compliance Officer) Ph: [phone] Fax: [phone] [email protected], [email protected], [email protected], [email protected] and [email protected] www.hinsleyford.com BANK ACCOUNTS Beneficiary name: Clearfield Holdings Ltd Account number: OSA90000202703100 Bank name: Bank of Communications Co., Ltd Beneficiary name: Clearfield Holdings Ltd Account number: OSA90000202704200 Bank name: Bank of Communications Co., Ltd

A reissue transaction is a reportable event if a living owner, principal co-owner, surviving co-owner, beneficiary, or other person entitled to ownership (for example, an heir upon the death of persons named on the bond) is not named owner or principal co-owner in the new registration on the bond issued in the transaction.

Remember that the name indicated as the beneficiary will be the person who will be receiving the proceeds of the insurance.

Revocable Trust: A cancelable arrangement created by a person («Grantor»), whereby the Grantor transfers property to a trustee to be held for the benefit of the Grantor while alive, then distributed to named beneficiaries.

Also worth noting that distributions to heirs at law, which is the formal name for people who take via intestacy statutes, are often inferior, at least in part, to the claims of creditors against your probate estate, although sometimes a family provision or «exempt property» or a joint tenancy or beneficiary designation, will have priority over a creditor's claims.

Some people attempt to avoid estate tax by placing assets in the names of their future beneficiaries before their death.

«For married people, naming a spouse as the beneficiary of an RRSP or an RRIF is the most tax - efficient way to pass on that money,» says Feldman.

Any person, aside from the grantor, can be named the beneficiary of the trust.

(g) to categorise my files and make a list of the categories and with a short descriptions of the files in each category, provide copies of the list to my Trustees and to [any person named by them (or) the beneficiaries of my will (other than charities and other bodies)(or)[list names] and provide to any of them copies in computer readable form of such of the files as any of those person requests; and

Level Term Rider Proceeds of this rider are payable to the beneficiary upon receiving proof that the person named as Covered Insured died while his or her coverage under this rider was in effect.

In its most basic sense, funeral insurance actually works in a similar fashion to most other types of life insurance in that a person pays a premium to an insurance company in exchange for the payment of a death benefit to a named beneficiary in the case of the insured's death while the policy is in force.

When you select a beneficiary, you should provide the complete name of the person and state clearly the amount or percentage of the proceeds the person is to receive from your life insurance policy.

The main difference between term life insurance and whole life insurance is with term life insurance, when the insured person dies, it just pays the face amount of the policy to the named beneficiary.

Some people who buy final expense life insurance will name a funeral home or other related service provider as the beneficiary of their policy.

Beneficiary: The person named in the policy to receive the death benefits at the death of the insured.

The insurance company pays a cash amount (called the coverage amount or death benefit) to the beneficiary (s) named in the policy upon the death of the insured person named in the policy.

Most visitors insurance plans don't want a minor — that is, a person under the age of 18 — named as the beneficiary of any insurance policy.

The policyowner can name one person as a beneficiary, like a spouse or child, or multiple people, with the death benefit split into percentages until 100 % of the death benefit is accounted for.

Generally, if you die prior to your attained age 70 1/2 and you have named persons other than your spouse as beneficiary, the entire IRA must be distributed by December 31 of the year containing the fifth anniversary of your death.

People often buy life insurance to protect the financial wellbeing of their children, but it's not advisable to name minors as beneficiaries.

People often make the mistake of not being specific enough when naming beneficiaries.

This beneficiary can be a person, institution, or charity and though insurable interest is not required to be a beneficiary, family members of the insured are usually named.

Expanding on Barker's comments, it should be noted that beneficiaries indeed are paid out in the event of the primary beneficiaries» passing (prior to, or in conjunction with the named person), and are as important as a primary beneficiary when taking into consideration as to how one wishes for their policy to assist their family and loved ones after one's passing.

This is especially true for policyholders of final expense insurance; they typically skew older in age and may not have trusted people like a spouse or siblings to name as their beneficiary.

A lot of people get life insurance and want to name their kids as the beneficiaries.

Assemble a comprehensive list of the people you'd like to be your beneficiaries; their names, addresses, birth dates and contact information.

Upon your death, your remaining annuity benefits (if any) will go to the person you name as your beneficiary, but again, how this works can vary depending on the type of the annuity.

Most people don't really give a thought about the beneficiary's portion of their policy.In most instances, we name our spouse as the primary beneficiary of our life insurance policy.The majority of insurance companies would -LSB-...] Read More