Sentences with phrase «beneficiary so»

Also remember that cognitive rigity gets the best of us and the law (Garn - St Germain Act) states what you said but the it says remains A beneificiary not THE beneficiary so it does allow you not to violate the lenders DOSC

He plans to occupy the house as his primary residence, but for estate planning purposes, he wants to put his house into a land trust with himself as the beneficiary so he can designate a successor benefiary and avoid probate if / when he dies.

This means that you need to let your beneficiary know that he or she will be your beneficiary so as to prepare them for the responsibilities they will get once they acquire the death benefit.

Should you decide to plan your funeral in advance, be sure and discuss it with your intended beneficiary so he or she will understand your final wishes.

Burial insurance — which is also oftentimes referred to as funeral insurance or final expense life insurance — is a type of coverage that will pay out a benefit quickly to your named beneficiary so that final expenses can be paid... and so that your survivors don't have to dip into saving or use credit to pay these costs.

If you're a longtime patron of a local community theater or art scene, you can make them your beneficiary so they can keep making the world a cooler place.

In some cases that is acceptable, but it is important to consider adding a contingent beneficiary so your life insurance proceeds are readily available at your death and are not tied up in the legal process of probate.

Life insurance can cover anything once the funds are paid out to the beneficiary so be wise as to whom you leave the funds to.

Name that person as a beneficiary so that they won't lose the house if you die unexpectedly.

Any policy ownership rights including future policy loans or policy collateral on a loan are controlled by the beneficiary, not the insured, though the beneficiary can give these rights back to the insured if the beneficiary so chose.

Burial insurance — also known as funeral insurance or final expense life insurance — is a type of life insurance coverage that is designed for paying out proceeds quickly to the beneficiary so that the cost of the insured's funeral and other expenses can be paid off, eliminating a great deal of stress and worry for survivors at an already emotional and difficult time for them.

If the insured dies during this period, death benefits are paid out to the beneficiary so long as premium payments have been made.

Final expense life insurance — also known as burial insurance — is a type of life insurance protection that is designed to pay out to one's beneficiary so that the cost of the insured's funeral and other related expenses can be paid off quickly, without putting one's survivors into financial hardship.

I don't trust him to not change her as the beneficiary so can I have the death benefit assigned to her like a collateral assignment to ensure the payout goes directly to her?

Generally speaking, this is initially the most affordable life insurance you can buy that offers a lump sum death benefit paid to your beneficiary so long as you keep paying premiums and you pass away within the term.

Shouldn't effect your position as beneficiary so long as the attorney / executor carries out the will.

When I asked if I could set up 2nd beneficiary so that in case if the primary kid is not going to school, I can transfer the RESP to another child, but they told me there is no such option unless I open up a family plan.

In fact, the final required minimum distribution (RMD) regulations state, «A designated beneficiary need not be specified by name in the plan... in order to be a designated beneficiary so long as the individual who is to be the beneficiary is identifiable...» [Treas. Reg.

In that case, you can name a trust as your beneficiary so that an appointed conservator can receive and disburse the money on your behalf.

Authorized by federal law, a special needs trust is an irrevocable trust designed specifically to hold assets for a beneficiary so that the funds do not disqualify the recipient from needs - based government benefits.

You need to include more advantaged people as beneficiaries so they can fight for a program that also benefits the poor.

Part of the politics of advocates for expanding taxpayer funded center - based care is including as many families as possible as beneficiaries so as to increase public support.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

It's best to withdraw the money while the student is in school, or, if there are siblings, you may be able to add them as beneficiaries so they can use the money (to throw a really awesome keg party).

It's vital to have both types of beneficiaries so it's clearly defined who will get the money.

You can also name your family as shared primary beneficiaries so that if you decide to accelerate your mortgage payments and the principal balance is less than expected at your date of death, the overage goes to your loved ones.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

In such cases, an accumulated cash amount is provided to the beneficiaries so that they can repay the outstanding debt and live in their home peacefully.

You would have to submit the primary KYC documents to identify the spouse, nominees, and beneficiaries so as to prevent any conflicts.

In most cases, should the insured die from natural causes during the graded death benefit, most if not all of the paid premiums will be returned to the insured beneficiaries so it will be as though the insured didn't actually lose money by purchasing the policy and dying too soon!

It's not all bad news because with most guaranteed accepted life insurance policies, the best final expense and burial insurance companies will generally have a policy whereby: Should the insured die from natural causes during the graded death benefit, most if not all of the paid premiums will be returned to the insured beneficiaries so it will be as though the insured didn't actually lose money by purchasing the policy and dying too soon!

The purpose of the life insurance policy is simply to provide a death benefit to the individual's beneficiaries so that they can go on with the rest of their lives.

the sole purpose of the measure must be to secure the adequate advancement of the beneficiaries so they may enjoy and exercise their human rights and fundamental freedoms equally with others

Not exact matches

It would also follow another recent IPO win for NBCUniversal: The company invested $ 500 million in Snap (snap), the parent company of social media app Snapchat, making NBCUniversal a major beneficiary when Snap went public earlier this month in the hottest IPO of 2017 so far.

The top beneficiary of the Trump rally so far has been the banking industry, with bets driven by the potential for higher lending rates and stronger economic growth in the coming months, not to mention the president - elect's pledge to reject any new financial regulations.

Tech is one of the biggest beneficiaries of repatriation, so we could see elevated share buybacks.»

Here's why: Many people don't realize that they may get socked with a 15 % excise tax as well as income - tax liability if their retirement accounts build so high that they, or their beneficiaries, eventually have to take any distribution that the IRS deems excessively large — more than $ 155,000 in 1996.

Plus, you could be the beneficiary of industry consolidation among the United States» 6,000 or so tiny race - track outlets (called «speed shops»).

To do so, you'll need to know which 529 plan the recipient uses and, in some cases, the beneficiary's social security number.

Within these countries, the governments themselves are the net beneficiaries of much of the corruption, so politicians are far from motivated to impose reform.

You can choose anyone, so the fact that it's a spousal RRSP is irrelevant — your beneficiary designation is key.

Enforcing such conditionality not only required a large and expensive bureaucracy, but created a perverse incentive for beneficiaries to remain poor and unemployed so as not to lose their benefits.

If so, did you know that in many cases, leaving tax - deferred assets, such as IRA funds or annuities, to charity will relieve non-charitable beneficiaries of tax liability?

So, whether you pass away immediately after purchasing coverage or 50 years later, your beneficiaries would receive a death benefit.

So if that's a benefit you're looking for, you might be better off opening a separate account for your beneficiary even if one already exists.

Clients who don't name beneficiaries can lose much of the planning flexibility around these accounts, so it's important to make sure each separate IRA, 401 (k), 403 (b) or 457 account has a designated beneficiary.

While so - called «safe haven» bonds and gold are beneficiaries, particularly if growth expectations continue to moderate, there will also be relative winners and losers within equity markets.

The market «prices in» the tax - deductible feature on municipal coupon payments, so when you aren't a beneficiary of said tax treatment, then I (at least) believe it makes more sense to get tax - free income on higher yield corporate debt (of the same credit profile).

With term and permanent life insurance, you make premium payments so that in the event of your passing, your loved ones and beneficiaries will receive the death benefit proceeds from the policy.

In addition, there's generally a restricted period for the first few years of coverage, so if you pass during that time your beneficiaries won't receive the full payout.