Sentences with phrase «beneficiary under»

Post-probate - property that has been distributed and transferred to an heir or beneficiary under a will

Not re-establishing yourself with the life insurance company as beneficiary on life insurance (or having it stated clearly in your separation agreement) since there is an automatic revocation of former spouse as beneficiary under Colorado Law.

The premiums for a key - man insurance policy ARE NOT tax deductible IF the taxpayer is directly or indirectly beneficiary under the policy or contract.

The difference is in the way the Sum Assured is paid to the nominee or beneficiary under the policy.

The IRS covers this in Section 264 (a)(1) and provides that there is no deduction allowed for premiums paid on any life insurance policy, or endowment or annuity contract, if the taxpayer is directly or indirectly a beneficiary under the policy or contract.

You may deduct life insurance premiums covering your officers and employees if you aren't directly or indirectly named as a beneficiary under the contract.

However, the carrier did send a check to the insured woman's husband, who was the beneficiary under the policy, for the amount of premiums that had been paid.

The contract satisfies the requirements of this paragraph (c)(2)(iii) if the contract provides that in any case in which the beneficiary under the contract is not the employee's surviving spouse, benefits are payable to the beneficiary only if the beneficiary was irrevocably selected on or before the employee's required beginning date.

Alternatively, the employer may own and pay for the policy but permit the employee to name the beneficiary under the policy for a portion of the death benefit.

For example, where a spouse is a potential beneficiary under a valid discretionary trust, the court can not force the trustees to make any dispositions to the same spouse.

Re Tomlinson Estate 2016 BCSC 1223 dealt with a nephew contesting his aunt's will when he was neither a named beneficiary under the will or an intestate heir had his claim dismissed for lack of standing.

«No period of limitation shall apply to an action by a beneficiary under a trust in respect of any fraud or fraudulent breach of trust to which the trustee was a party or privy; or to recover from the trustee trust property or the proceeds of trust property in the possession of the trustee, or previously received by the trustee and converted to his use.»

Re: DP Shipbuilding and Engineering (2015): instructed to advise and provide expert evidence in relation to right to restrain a beneficiary under a performance guarantee given in connection with a shipbuilding contract from seeking payment by the bank where to do so would be in breach of the underlying contract between buyer and seller.

Her common law husband of 40 years, Kostas, was the beneficiary under the will.

Further, section 21 (1)(a) provides that no period of limitation shall apply to an action by a beneficiary under a trust being an action to in respect of any fraud or fraudulent breach of trust to which the trustee was a party or privy.

She is the executor of the Estate, a beneficiary under the Will and also the owner in fee simple of the Richmond Property which Mr. T. Terezakis claims she holds in trust for the Estate, an allegation which Ms. Ekins vigorously disputes.

On appeal from: [2015] EWCA Civ 835 This case considered the identity of the beneficiary under letters of credit, the...

The court held that although the decedent's mother was a potential beneficiary under Pennsylvania's Wrongful Death Statute, she was not entitled to damages for the loss of consortium with regard to her son because it is well settled that Pennsylvania does not recognize a right of filial consortium.

These accounts are set up with a trustee for a beneficiary under the age of 18 with the purpose of paying for said beneficiary's education.

MBIA held a variable interest in these entities, which resulted from its insurance policies, and had determined that it was the primary beneficiary under FIN 46 (R).

Best of all, it's available to everyone: parents, grandparents, other relatives, friends, and even minors (with earned income) can set up an account for any designated beneficiary under age 18.

You may contribute up to $ 2,000 annually to a Franklin Templeton Coverdell ESA on behalf of a designated beneficiary under the age of 18.

Presently, tax penalties and the repayment of grants «may apply to transfers of assets between individual plans unless they occur between plans for the same beneficiary or plans under which the beneficiaries are siblings, generally before the beneficiary under the receiving plan attains 21 years of age.»

The memo is in support of a proposed fiduciary definition for professionals selling retirement investments to 401 (k) beneficiaries under the Employee Retirement Income Security Act.

He stated that the week - long direct payment was to off - set the October, November and December arrears owed to more than 2,000 former agitators, drawn from several ex-agitators» camps in the state and environ, adding that out of the 30,000 beneficiaries under the Amnesty Programme, only 13,000 had received either formal education or vocational training before the present team came onboard.

Meanwhile, the state government said it distributed another batch of Certificates of Occupancy and other land title documents to beneficiaries under the Homeowners» Charter programme, on August 24th.

General News of Friday, 11 May 2018 Source: www.ghanaweb.com Joseph Amoah, District Chief Executive, Shama The Shama District Assembly is expected to expend 20 % of its Common Fund on beneficiaries under the Nation Builders» Corp, District Chief Executive for the area Joseph Amoah has revealed.

Reference: «Potential Adult Medicaid Beneficiaries Under the Patient Protection and Affordable Care Act Compared With Current Adult Medicaid Beneficiaries,» Annals of Family Medicine, September / October, 2013.

You'll need to present the original will and notify all the beneficiaries under the will.

Formerly called an education IRA, the Coverdell Education Savings Account is a tax - deferred account created by the U.S. Government to assist families in funding educational expenses for beneficiaries under the age of 18.

The recent judgment of HHJ Paul Matthews in Lewis v Tamplin provides cause to consider what rights beneficiaries under a trust have to demand information about it.

Though it's not exactly a family law issue, it is important for will - drafting lawyers to confirm the identity of beneficiaries under insurance policies and similar investments, especially where the proceeds of these policies are expected to fund bequests made under the will.

Based on this analysis, the Board held the exclusion of medical cannabis had the substantive effect of treating Wayne differently than other beneficiaries under the Plan.

The advice taken by the executrix is for the benefit of all beneficiaries under the will.

No solicitor - client privilege applies because the legal opinion sought by the executrix was to further the interests of the beneficiaries under the will: Re Ballard Estate at p. 354.

The duty of care was not defeated under the second branch of the Anns test, which deals with public policy considerations that would weigh against a duty of care, because it was in the public interest that professional accountants who undertake to create wills do so with care not only for the best interests of their clients but also for the intended beneficiaries under those wills.

Defendant insurers are the great beneficiaries under Jackson, right?

William frequently acts for charities as beneficiaries under wills and trusts in all matters arising in respect of their beneficial interests and any challenges to them.

Comment: One comment contended that the proposed regulation's requirement mandating covered entities to name the subjects of protected health information disclosed under a business partner contract as third party intended beneficiaries under the contract would have created an impermissible right of action against the government under the Federal Tort Claims Act («FTCA»).

The court decided the bonus amount was not covered by the contribution amount, and indicated a pension plan must be interpreted according to its main purpose which is to provide a pension funded on actuarial assumptions fair to all employee beneficiaries under the plan.

As residuary beneficiaries under Harold's will, Judy and Glenn have an interest in proceedings that could result in the movement of assets from Harold's estate to Cherie's estate.

He and his three siblings (who are respondents in the application) are the sole beneficiaries under their father's will.

If proceedings brought by Cherie's litigation guardian against Harold's estate are successful, Judy and Glenn could stand to gain more as beneficiaries with one - quarter interest each in Cherie's newly increased estate, as opposed to residuary beneficiaries under Harold's will.

The Madhya Pradesh Government has decided to provide insurance cover to parents of girl beneficiaries under the Ladli Laxmi Yojna.

[3] The early victims of AIDS in the U.S. were largely gay men, typically relatively young and without wives or children (the traditional beneficiaries under a life insurance policy), but often covered by life insurance through employment or as a result of investments.

The beneficiaries under the policies were often their parents who did not need the money.

Trump has vowed that the middle class would be the main beneficiaries under his tax plan, but the framework's limited details have led to estimates that top earners would reap the biggest gains.

Assets held in retirement plans, such as a 401 (k) or an IRA, are transferred to whomever you have named as beneficiary in the plan documents — no matter who the beneficiaries under your will may be.

The cash proceeds from an insurance policy on your life are paid to whomever you have designated as beneficiary of the policy in a form filed with the insurance company — no matter who the beneficiaries under your will may be.

Not exact matches

And under his leadership the company has been one of the biggest beneficiaries of the vastly expanding health care economy.