Sentences with phrase «as beneficiaries of one's life insurance policy»

Your dependents may be named as beneficiaries of your life insurance policy; for example, leaving a portion of your life insurance death benefit to each of your children, and your spouse.

If you name a charity as the beneficiary of your life insurance policy, the proceeds will not be part of your taxable estate.

Considering this, it only makes sense for you to name your children as your beneficiaries of your life insurance policy, right?

One method to avoid this mistake is to name minor children or impaired individuals as beneficiaries of a trust and then name the trust as the beneficiary of the life insurance policy.

There are some very specific situations which will cause you to have to pay tax on your proceeds as the beneficiary of a life insurance policy.

Many people name their pets as beneficiaries of life insurance policies to make sure the animal is cared for.

When naming the charity as the beneficiary of the life insurance policy, you will pay the premium on the policy as you normally would.

Usually, the insured will name their spouse as well as their children as beneficiaries of their life insurance policy.

For example, if you have a special needs child or other loved one with a life - long disability, you can name the trust as the beneficiary of your life insurance policy.

In one of her countless money saving tips she writes, «Never name your minor child as a beneficiary of your life insurance policy because a minor can not inherit money and as a result it will be put in a blocked account that they can not access.»

A third option would be to name your estate as the beneficiary of your life insurance policy and then draft a will that states how you wish to divide your assets and you can name your significant other as the beneficiary of the life insurance benefit.

You can name Rancho Coastal Humane Society as the beneficiary of a life insurance policy.

Actions that are considered Centennial Planned Gifts include making estate plans through a will or a living trust; creating a charitable remainder trust and naming the Business School as the remainder beneficiary; entering into a charitable gift annuity agreement with the School; naming Columbia as the beneficiary of a life insurance policy or retirement plan; or establishing a donor - advised fund at Columbia.

Charity as beneficiary: Similar to leaving a bequest through a will is naming the charity as the beneficiary of your life insurance policy directly on an application.

Of course, designating a charity as the beneficiary of a life insurance policy means it will take time before the organization receives any money.

Naming NHS as the beneficiary of a life insurance policy, retirement plan, certificate of deposit or bank account

You can also name NEAS as a beneficiary of a life insurance policy or IRA.

You can also name the Shelter as a beneficiary of a life insurance policy or IRA.

It is common practice to include provisions in Separation Agreements or Court Orders that the payor of child and / or spousal support will maintain the recipient of support as a beneficiary of a life insurance policy in order to secure the payor's support obligations.

This is often accomplished by designating a charitable organization or nonprofit as the beneficiary of your life insurance policy.

While many couples name their spouses as the beneficiaries of their life insurance policy when they're together, it's more than likely they don't want this to remain the case after the divorce.

Will the parties retain each other as beneficiaries of life insurance policies for some period of time, and if so, how much will the benefit be and how long will that obligation last?

Never: Never name your minor child as a beneficiary of your life insurance policy because a minor can not inherit money and as a result it will be put in a blocked account that they can not access.

A third option would be to name your estate as the beneficiary of your life insurance policy and then draft a will that states how you wish to divide your assets and you can name your significant other as the beneficiary of the life insurance benefit.

Please consider making a donation in your Will, or designating the Humane Society as the beneficiary of your life insurance policy or pension.

Suze suggests you create a trust account and name the trust as the beneficiary of your life insurance policy.

It is perfectly natural for a parent to want to name their children as beneficiaries of their life insurance policy but there are a number of considerations when naming a minor as the recipient of a life insurance payout.

If you believe you were named as a beneficiary of a life insurance policy but you don't know how to find out, don't panic, because there are a number of ways to track down a missing policy.

Rather than simply donating your wages or savings to your favorite charity, you can significantly boost the amount you are able donate by designating your beloved charity as beneficiary of your life insurance policy.

These organizations often operate with tight margins, and you can help further their mission even in death by naming one as a beneficiary of your life insurance policy.

Another good practice tip is that you should avoid designating your «estate» as the beneficiary of any life insurance policy because this vague designation will require that the proceeds must go through probate, and this costly and time consuming court process should be avoided whenever possible.

In this case, the first wife had an Order for support and the payor was required to maintain her as beneficiary of a life insurance policy to secure his support obligations.

However, by naming a charity (or more than one charity) as the beneficiary of a life insurance policy, you can multiply your gift exponentially.

These organizations often operate with tight margins, and you can help further their mission even in death by naming one as a beneficiary of your life insurance policy.

When wanting to designate a minor as the beneficiary of a life insurance policy, the following language is typically used.

In addition, you would want to name yourself as the beneficiary of the life insurance policy.

In this arrangement the grantor names the trust as beneficiary of life insurance policies, retaining the right to revoke the trust and other rights of ownership.

If you buy life insurance on your parent you can name yourself as beneficiary of the life insurance policy.

If you buy burial life insurance on your parent (or someone else) you can name yourself as beneficiary of the life insurance policy.