Sentences with phrase «becomes owner of the account»

In addition, because the child will become the owner of the account, these assets will count as being 20 % available toward the cost of college and may reduce the amount of financial aid the child receives.

Because the spouse becomes owner of the account, he or she can make additional contributions, name beneficiaries, and avoid RMDs from a Roth IRA.

Not exact matches

The problem arises, however, when expectations become mismatched: The Gordons no longer sought to create wealth because they did not need more money in their bank accounts, while owners of the enterprise presumably bought shares because they wanted to get richer.

All contributions become the property of the Account Owner regardless of who makes the contribution and the gift will be invested according to the Account Owner's instructions.

Here, private utterance becomes part of a larger choral arrangement as the collection widens to include erasures of The Declaration of Independence and the correspondence between slave owners, a found poem comprised of evidence of corporate pollution and accounts of near - death experiences, a sequence of letters written by African Americans enlisted in the Civil War, and the survivors» reports of recent immigrants and refugees.

All contributions become the property of the Account Owner regardless of who makes the contribution and the gift will be invested according to the Account Owner's instructions.

At the time of trust termination (when the owner of the account changes to the child), the money becomes solely that of the child.

The legal age in which a minor established on a Custodial Account opened under the Delaware Uniform Transfer to Minors Act becomes the sole owner of that aAccount opened under the Delaware Uniform Transfer to Minors Act becomes the sole owner of that accountaccount.

This type of plan can be particularly appealing to a business owner who has no employees (or who has only family members for employees) because while no contributions are required each year, if the employer contributes any amount to a SEP IRA during any given year, contributions to the accounts of all employees who have performed services for the employer during that year become mandatory (certain employees who are under 21, earn less than $ 600 during the year or have not worked for the employer for three of the five preceding years may be excluded from participation) and contributions must be uniform among eligible employees.

Watch the calendar The account also becomes immediately taxable if you don't take your first required payout from an inherited IRA by December 31 of the year after the account owner's death.

When you open an Outlook Financial account, you become a member and owner of Assiniboine Credit Union.

If you do not, the Beneficiary becomes the Account Owner in the event of your death.

HSA Distributions after Death If HSA owner dies, the account becomes the property of the named beneficiary.

This is when the current authors, Anthony Radevsky and Damian Greenish, became involved and their task in updating the work was all the more challenging in that they had to write new chapters to take account of the enactment of flat owners» rights.

However, if the good credit score owner becomes a joint account holder on any of the bad credit score owner's accounts, those missed payments will show up on both credit reports.

After the simple email / password setup, you'll be prompted to tap the physical button on your bridge again to verify that you are the physical owner of the Hue bridge about to become linked to the My Hue account.

However, it soon expanded to other universities and beyond, and by 2006, as long as you claimed to be 13 years old you could sign up to become the proud owner of a Facebook account.

Under Gray, Blackstone's real estate business became the largest owner of property globally, accounting for half of the firm's pretax profit last year.

Prior to its signing the lease, the Owner became aware of the Tenant's precarious financial condition due to an accounting scandal and refused to sign the lease.