Sentences with phrase «as irrevocable»

Last year I purchased 3 condos under my name, a few months later I put all my condos into an irrevocable trust I was already charged supplemental taxes as a new owner now I am getting charged supplemental taxes again as a new owner because it is set up as an irrevocable trust under my name is that correct?

«It is a challenge for family lawyers to assure clients in the event somebody dies who is paying support doesn't name you as an irrevocable beneficiary.

Furthermore, the separation agreement set out the husband's obligation to maintain a life insurance policy naming the wife as an irrevocable beneficiary.

Your continued use of the Site will be deemed as irrevocable acceptance of any revisions.

Two asset protection benefits are, one, that an irrevocable trust may be set up for the employee to own the policy, such as an irrevocable life insurance trust OR another type of grantor trust, and this can assure that the policy will not be included in the employee's taxable estate for split dollar estate planning purposes.

Sometimes, even if people lose touch over the years, they may still be listed on a policy, either because they were originally listed as irrevocable beneficiary and couldn't be changed, or because the person who passed away just wanted to leave it as a surprise gift.

Does he sign as irrevocable beneficiary?

Change of Beneficiary Provision A life insurance or annuity policy provision allowing you to change the beneficiary whenever desired (unless the beneficiary has been designated as irrevocable).

Change of Beneficiary: A contract provision that allows the policy owner to change the beneficiary whenever desired, unless the beneficiary has been designated as irrevocable.

A final Order was eventually issued, with the requirement for Stephane to maintain Anastasia as irrevocable beneficiary to continue.

In particular, the question was where a support payor owns a life insurance policy and is required to name the support recipient as irrevocable beneficiary of the policy, what rights does the support recipient have to the policy proceeds in the face of a competing claim of another dependant of the deceased payor brought under the Succession Law Reform Act («SLRA»).

For example, if the husband is required to pay support, he may also be required to obtain a life insurance policy and name his spouse as irrevocable beneficiary of the policy so that if he dies, the spouse will have sufficient funds for his or her support.

In Bielny, the separation agreement required the insured to name the children of the first marriage as irrevocable beneficiaries.

Ms. Yazdchi's experience also includes drafting and implementing revocable trusts, financial and healthcare powers of attorney, more complex trust instruments such as irrevocable intentionally defective grantor trusts (IDGTs), and all aspects of trust and probate administration.

Several consent orders were made holding that Stephen would maintain Anastasia as irrevocable beneficiary on any life insurance policy.

It has been a long standing practice in family law to include provisions that a support recipient be named as an irrevocable beneficiary in separation agreements and court orders.

Under the Family Law Act or the Divorce Act, a court can order a support payor to designate the support recipient as the irrevocable beneficiary of a life insurance policy to ensure funds exist at the time of the payor's death to satisfy his (or her) support obligations specified in the support order.

While many arguments were raised in the courts below, Justice Brown focused the issue on what happens where a support payor dies with a life insurance policy who was required by court order to name a spousal or child support recipient as the irrevocable beneficiary of the policy.

Collectors can give works of art to the Ogden Museum of Southern Art: As an outright gift As an irrevocable promised gift As a bequest As the gift of a percentage of value over a time period designated by the giver

«The author of an atrocious undertaking ought to imagine that he has already accomplished it, ought to impose upon himself a future as irrevocable as the past.»

Two asset protection benefits are, one, that an irrevocable trust may be set up for the employee to own the policy, such as an irrevocable life insurance trust OR another type of grantor trust, and this can assure that the policy will not be included in the employee's taxable estate for split dollar estate planning purposes.

Does he sign as irrevocable beneficiary?

Change of Beneficiary: A contract provision that allows the policy owner to change the beneficiary whenever desired, unless the beneficiary has been designated as irrevocable.

The funds in the account are classed as an irrevocable gift to the child — once the money is given, it can not be taken back.

You should visit this page regularly and review this Agreement for the current terms of this Agreement, since your continued access or use of the Service will be deemed as an irrevocable acceptance of any such changes, modifications or alterations.

Though the film is fashioned as an irrevocable descent into negation, Trintignant and Riva make it feel richly alive.

The Christian must normally adopt an analogous attitude in theory and practice in regard to teachings and moral precepts of the Church which are put forward authoritatively by the Church, even if not as irrevocable dogma.

Always remember that there's no such thing as irrevocable damage.

Your continued use of the Site will be deemed as irrevocable acceptance of any revisions.

Not exact matches

Not everything is critical at this very moment; not all things are urgent or important in the scheme of our lives; and in a lot of cases if we're offered a reasonable choice and some (financial) incentives, we're perfectly willing to wait for stuff as long as (a) the choice is ours and (b) the choice isn't irrevocable.

With a CLT, the proceeds from the sale are placed into an irrevocable trust that creates a steady income stream to a designated nonprofit, as well as a significant tax deduction for you.

With a lawyer's assistance place the policy within an irrevocable life - insurance trust so that its proceeds will not be taxed as part of your estate.

As the shareholder whose children are in the business, you purchase the life insurance that originally supported the buy - sell agreement and put it into an irrevocable life - insurance trust.

At a basic level, in order to be classified as a fast payment service the system must provide interbank, account - to - account payments in less than one minute end - to - end and be irrevocable.

One way to avoid life insurance payouts being taxed as part of your estate is to set up an irrevocable life insurance trust.

Assured that the call and the gifts are irrevocable, we ask that we again trust ourselves with this gift as we have been entrusted with it.

But we could too easily replace this shallowness by another, cruel as sentimental attitudes inevitably are, which leaves out of account the presence in human life of the sheerly irrevocable, of that which has been done, and it is now too late to undo, of the damage inflicted on others that can not be put right and that no interpretation can possible render edifying.

The Four Irrevocable Directives identified in the Declaration Toward A Global Ethic, which was drawn up at the 1993 Parliament of the World's Religions, may serve as a guide to this discussion.

Totally committed as he is to the full epiphany of faith in the concrete moment before him, the contemporary Christian must accept the death of God as a final and irrevocable event.

In the first place it can be taken as axiomatic in the Catholic view of faith that where the Church's magisterium has once unambiguously required at any time an absolute, ultimate and unconditional assent of faith to a definite doctrine as revealed by God, the doctrine in question is no longer subject to revision and is irrevocable.

Whatever the topic at hand, Wyschogrod's thought orbits a single center of gravity: God's free yet irrevocable love for the people Israel, and in connection with Israel, for the world as a whole.

Yet the position flows quite inevitably from Wyschogrod's first principles — above all, from his understanding of Jewish identity as participation in the family of God's irrevocable election.

For Wyschogrod, the distinction was the indelible mark of an irrevocable divine choice: God's choice to enter history as the God of Israel.

Meanwhile, as John Paul II has repeatedly asserted, the Catholic Church's commitment to the ecumenical task is indeed «irrevocable.»

34 Chapter 4 is entitled «The Self - Annihilation of God,» where Altizer states that «to confess the death of God is to speak of an actual and real event... a historical and a cosmic event, and, as such, it is a final and irrevocable event.»

The hoped - for consequence of the Catholic Church's irrevocable devotion to full communion among all Christians will bring with it changes that we can not now anticipate, as is also made clear in Ut Unum Sint.

He defines «God's chosen people» as having an irrevocable, unique relationship «of supreme value relative to any type of relationship God may have created or will create with any other specific nation.»

Just as the state is called by God to an irrevocable task of doing public justice, so also is the institutional church called by God to proclaim the Gospel in its fullness, administer the sacraments and to ensure that its members are living up to their calling before the face of God, who has redeemed them in Jesus Christ.

Once we accept the death of God as a final and irrevocable event, then we can open ourselves to the full actuality of our history, as an epiphany of the Word of faith.»

In a sense, any punishment wrongfully imposed is irrevocable, but none is so irrevocable as death.