Sentences with phrase «by a beneficiary of»

And I don't think that's widely known by beneficiaries of the plans or taxpayers.

Instead, a «survival action» is brought by a beneficiary of the decedent.

When the annuitant of an Registered Retirement Savings Plan or Registered Retirement Income Fund dies, taxes in respect of either type of registered plan are generally borne by the deceased's estate, rather than by the beneficiary of the registered plan.

When the court gives permission for a personal claim, brought by a beneficiary of an estate in his personal capacity, to be continued as a derivative claim, the personal representative needs to be joined as a defendant.

Claim by beneficiary of pension fund against pension trustees, solicitor and accountants regarding pension planning and purchase of annuity.

This was an application by beneficiaries of a Bahamian trust for information under the Data Protection Act, aimed at requiring the trustees» solicitors to provide material for use in a dispute against the trustees.

Because life insurance policies are paid with after - tax dollars, the life insurance proceeds are not taxable when received by beneficiaries of business owners or employees.

The proceeds that are received by the beneficiaries of a life insurance policy are able to receive the funds free of income taxation.

NOTE: The insurance company will not pay out a claim on your policy until they are notified by your beneficiary of your passing, and the proper paperwork has been completed and sent the insurance carrier.

Funds that are received by a beneficiary of a life insurance policy are typically able to obtain the money income tax - free.

It is a request for payment made by the beneficiary of a life insurance policy to the Life Insurance Company.

, The premiums paid and the death benefit proceeds, received by a beneficiary of a term insurance plan are not liable to income tax.

Not exact matches

For instance, more than 50 people employed by a medical assistance agency in Anchorage, Alaska, took part in a conspiracy to bilk Medicaid out of millions of dollars by filing bogus time sheets for services not provided to elderly Medicaid beneficiaries.

One interesting aspect to the Thursday sell - off is that Netflix — one of the main beneficiaries of the cord - cutting movement by millennial audiences — also lost altitude, dropping by almost 8 %.

The latest release contains data for May 2015 and shows the number of beneficiaries has risen by 15,400 and the number of claimants has risen by 24,090 over the last 12 months.

The difference between what the NYSE is paying out in rebates on these specific securities and what it is taking in via fees from market takers, the beneficiaries of the liquidity provided by market makers, is glaring.

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.

A beneficiary who is subject to the life expectancy option but failed to withdraw RMD amounts by the applicable deadline may receive an automatic waiver of the penalty by withdrawing the total balance of the inherited account by Dec. 31 of the fifth year that follows the year the retirement account owner died (the five - year rule).

Like the RMD rules for retirement account owners, the rules for beneficiaries impose a penalty of 50 % of the shortfall if the RMD amount is not distributed by the applicable deadline.

Retirement Account Beneficiaries If you are the beneficiary of a retirement account, you may need to withdraw beneficiary RMD amounts by Dec. 31.

I seem to recall having read recently that in fact the biggest beneficiaries by far of the $ 5 could be Tasmania and South Australia.

Others say that richer countries may lack insight into the needs of recipients or that aid can be misused by beneficiaries.

«The beneficiaries of Open Skies driven by the likes of us has been the US economy and that's kindly marginalized in the US3's narrative,» Clark told us.

By law, the dollar increase in Medicare's Part B premium can not exceed a beneficiary's cost - of - living raise.

Real estate tech company Compass is the latest beneficiary of SoftBank's $ 100 billion Vision Fund, receiving $ 450 million Thursday from a funding round led by the tech fund.

Ivanka Trump and Jared Kushner, President Trump's daughter and son - in - law, will remain the beneficiaries of a sprawling real estate and investment business still worth as much as $ 740 million, despite their new government responsibilities, according to ethics filings released by the White House Friday night.

The RSC budget make Social Security sustainably solvent by implementing a slightly modified version of Representative Sam Johnson's (R - TX) «Social Security Reform Act,» which would slow initial benefit growth for higher earners, gradually raise the normal retirement age to 70, and eliminate annual cost - of - living adjustments for higher earners while using the more accurate chained Consumer Price Index (CPI)(currently used for the tax code) for other beneficiaries.

«A ruling by a Louisiana appeals court recently stated that the entire death benefit from a single premium annuity plan paid to the beneficiary named in that plan was subject to inheritance tax because it was part of the deceased annuity owner's estate,» says annuities specialist Steven Hart.

The primary beneficiaries of the Trans Mountain pipeline are Houston's Kinder Morgan, Alberta's slumping oil sector, controlled by foreign multinationals such as Exxon and Shell, and export markets in Asia, primarily China.

It's no coincidence that Apple is a major beneficiary of the GOP tax cuts — its effective tax rate (the amount it actually pays) has dropped by about 10 percent between this year and last, and it's saving an estimated $ 47 billion on taxes on profits earned overseas as well.

There appears to have been an assumption that this disclosure is required, because these funds constitute «Designated Investment Alternatives,» a term defined by the applicable disclosure regulations as «an investment alternative designated by the plan into which participants and beneficiaries may direct the investment of assets held in, or contributed to, their individual accounts.»

Some 70 % of shares in U.S. - listed companies today are held by mutual funds, pension funds, insurance companies, sovereign funds, and other institutional investors, which manage them on behalf of beneficiaries such as households, pensioners, policy holders, and governments.

In order to open an account for a minor beneficiary in Québec, we require a Tutorship Agreement or similar document that outlines the details of the tutorship, how the account will be administered and by whom.

Corporate income tax revenues were higher than expectedin 2012 - 13 and are expected to continue to be higher than originally projected in their April 2013 Economic and Fiscal Outlook The lower EI benefits «are driven by a lower expected number of regular beneficiaries to unemployed persons», or in layman's terms, fewer people are claiming benefits than those claiming to be unemployed.

In a recent study by Salam Standard, it has been reported that the United States is the biggest beneficiary of global Muslim tourism spend, enjoying 24 percent share of the total Muslim travel spend worldwide or almost $ 35 billion.

By January, that proportion was down to below 46 % (i.e. 698,800 EI beneficiaries out of 1,531,700 unemployed workers).

The problem, imo, is that well meaning folks are brainwashed (by the $ $ beneficiaries) to think that the old shorting rule was swell without realizing the full implications of the whole mechanism — it's duplicative nature, non-transparency, supply / demand self fulfilment, etc..

On the spending side of the ledger, the priorities have been agriculture support (after two weak monsoons), rural development spending, infrastructure investments and a massive structural shift to direct benefit transfers deposited in the bank accounts of beneficiaries — made possible by the extraordinary biometric identity card program (Aadhaar) covering 950 million people, and the impressive financial inclusion initiative which has opened over 200 million new bank accounts for impoverished families.

05-16-2016 Sale of Caledonia shares by the manager of a discretionary fund of which Leigh Wilson is a beneficiary

Baidu, China's biggest internet search company, has been a beneficiary of previous attempts by the Chinese government to protect domestic companies.

Probate can be avoided by ensuring that beneficiaries are specified correctly,» says Christopher Gething, CFP, founder of Atherean Wealth Management, LLC, Jersey City, N.J. (For more, see Do Retirement Accounts Go Through Probate?)

«As the beneficiary of the accelerated monitoring fees, Blackstone violated its fiduciary duty by failing to properly disclose the fees,» said Julie Riewe, co-chief of the SEC Enforcement Division's Asset Management Unit.

Edward Jones Trust Company supports the needs of beneficiaries by responding to questions and requests, making distributions as specified in trust agreements and assisting beneficiaries with budget and investment concerns.

The funds in the SEP IRA are only taxed at the time of withdrawal by the beneficiary.

«Stretch out» distributions may be limited when a trust has more than one beneficiary because minimum distributions are set by the life expectancy of the oldest.

Upon your death, the beneficiaries file claims and are paid directly by the insurer, as the money isn't considered a part of your estate.

The Executive Director of the Party has been a major beneficiary of sole source contracts from the provincial government in years gone by.

The results identified pressing issues such as the current lack of payments traceability and confirmation of credit, the lack of visibility on bank fees deducted from transactions and the inconsistencies between the amount sent and amount received by the beneficiary.

«The 2014 sales market will continue to be dominated by primary sales, with beneficiary packages offered offsetting some impact of the cooling measures, while secondary sales will be further suppressed with primary prices being close to or even lower then secondary prices in the locality and lowering valuation of second - hand units,» he says.

Statements by the federal government indicate that retirees will be the major beneficiaries of the new contribution limit.