Sentences with phrase «business upon your death»

The son of Lebanese - Mexican entrepreneurs, Carlos Slim Helú gained control of his father's retail and real - estate businesses upon his death.

s retail and real - estate businesses upon his death.

Universal Life policies, backed by the financial strength of NYLIAC, provide the traditional life insurance protection that you need to protect your loved ones, ensure their continued financial security, and help protect your business upon your death.

Whether you have partners in your business, or your family will inherit your business upon your death, you can use term insurance to help ensure that the business will remain a going concern even when you're gone.

Do you want to provide a tax - free benefit to your wife, children or business upon your death, whenever that may be, no matter what?

You might also take a policy that will be specifically tied to buying out your interest in a business upon your death.

Whether you have partners in your business, or your family will inherit your business upon your death, you can use term insurance to help ensure that the business will remain a going concern even when you're gone.

Not exact matches

Utilizing a Revocable Living Trust can be an affordable way to ensure your business passes effectively to your family or loved ones upon your death.

Upon your death, the business passes to the trust beneficiary, which must be a tax - exempt charitable institution.

Maybe you just don't want the business you've worked so hard to build fall apart upon your death.

In his latest outing, Vengeance, Quirke is called upon to investigate the killing of a wealthy businessman, a death that occurred within days of the suicide of the victim's equally wealthy business partner.

Estate planning — Life insurance can provide funds for estate taxes and other liabilities upon your death, and may help your survivors avoid the sale of a home or business in order to meet those obligations.

But a small business usually involves various business engagements that don't necessarily terminate upon your death.

This is a contract among the owners to buy a deceased owner's share of the business at an agreed upon price in the event of death, disability, or retirement.

Having available cash on hand upon the death of a spouse, business partner or parent is so valuable it can not be understated how much this benefit can protect an estate.

There are different levels of planning that should be considered for business interests and personal affairs in the event of a short - term absence, long term or permanent disability, and upon their death.

Minimising taxes upon death, particularly for family owned businesses, is also important.

This strategy ensures a smooth transition of the company upon death, disability or retirement, prevents discord, and helps secure the success of the business into future generations.

Survivorship life insurance pays out a death benefit upon the death of the second spouse or business owner.

Estate planning — Life insurance can provide funds for estate taxes and other liabilities upon your death, and may help your survivors avoid the sale of a home or business in order to meet those obligations.

The Survivorship GIUL offers survivorship life insurance protection of married couples or business partners that pays out the death benefit upon the death of the second spouse or partner.

The money that your policy pays out upon your death or at retirement can help pay off your house, solidify your family business or send your kids to college.

Having available cash on hand upon the death of a spouse, business partner or parent is so valuable it can not be understated how much this benefit can protect an estate.

Upon death the proceeds of the 20 year life insurance policy would be paid to the business.

Although this type of business is treated as a separate entity as it can own property and execute documents in other areas... like upon the death of a partner... it is not considered a separate entity.

Upon the death of the owner the business terminates.

A business would suffer loss upon the death of a key employee or a key shareholder.

Although the assets of the business can legally be transferred to a beneficiary upon the death of the owner the business has to be dissolved.

However, if you have a successful practice or business that can potentially be subjected to huge estate taxes upon your death, then you must opt to go for a permanent insurance, or whole life insurance that will kick in action when you die and provide a cash stream for the family to pay off the estate taxes and insure them against financial risk.

Upon your death, any businesses or properties you own are normally going to be subject to a federal estate tax.

An agreement made for the transfer of business ownership to the remaining owners (if any) upon the death or retirement of an owner.

You can set up term insurance that will payoff certain business debts upon your death.

But a small business usually involves various business engagements that don't necessarily terminate upon your death.

Having life insurance can help to provide the cash that is needed for paying estate taxes — while still keeping the business up and running — upon the death of a small business owner.

In general, a business partner's portion of the business would be passed on to his or her family upon death.

The business idea was of course that upon that person's death, the full death benefit was collected and the profit was taken.

For instance, if the surviving policyholder were a stay - at - home spouse without an independent source of assets, that person would need funds to maintain living and business expenses upon the death of the main breadwinner.

In the event of the death of a licensed broker, who is the sole proprietor of a real estate business, the board shall, upon application by his legal representative, issue, without examination, a temporary license to such legal representative, or to an individual designated by him and approved by the board, upon the filing of a bond as aforesaid and the payment of the prescribed fee, which shall authorize such temporary licensee to continue to transact said business for a period not to exceed one year from the date of death subject to all other provisions of sections eighty - seven PP to eighty - seven DDD applicable to a licensed broker except that such temporary license shall not be renewed.