Sentences with phrase «by irrevocable»

To prevent your life insurance policy from becoming an asset, or part or your estate, it must be owned by an Irrevocable Life Insurance Trust.

An example would be a policy that was owned by an irrevocable trust and the decedent did not own the policy within 3 years of death.

It serves as a great estate planning tool as it can be purchased by an irrevocable trust, with your heirs as the beneficiary and the insurance proceeds are kept out of the estate for tax purposes.

If the policy is instead owned by an irrevocable trust as mentioned above, there is no inclusion in the gross estate, and there is an embedded mechanism via the trust language for continuation of the policy if the insured becomes incompetent.

Life Insurance for estate planning must be owned by an irrevocable trust.

One argument suggests that because the proceeds are being purchased by an irrevocable trust, the cash value is NOT available to the trustmaker, and thus a term life policy should be used.

Most of these policies are owned by irrevocable trusts — a common way to handle estate planning, and one that should involve a financial planner and attorney.

The Court then concluded, however, that these concerns were trumped by the irrevocable FRAND undertaking given by the SEP owner.

But what if the policy is owned by an Irrevocable Life Insurance Trust (ILIT) and managed by a third - party trustee?

Specifically, it was reported that a $ 7 million life insurance policy was owned by an irrevocable trust for the benefit of his son.

One argument suggests that because the proceeds are being purchased by an irrevocable trust, the cash value is NOT available to the trustmaker, and thus a term life policy should be used.

Any viewing and / or usage of the FilmOn Platform constitutes your approval to abide by this irrevocable rule.

Not exact matches

By the time one gets aware, the situation becomes irrevocable.

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.

A charitable remainder trust (CRT) is formed by a gift of cash or other property to an irrevocable trust.

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A donor - advised fund allows donors to establish and fund the account by making irrevocable, tax - deductible contributions to the charitable sponsor.

But we could too easily replace this shallowness by another, cruel as sentimental attitudes inevitably are, which leaves out of account the presence in human life of the sheerly irrevocable, of that which has been done, and it is now too late to undo, of the damage inflicted on others that can not be put right and that no interpretation can possible render edifying.

The original form of Jesus has disappeared from view, transcendence has been swallowed up by immanence, the events of our salvation history have passed into the dead and lifeless moments of an irrevocable past, no heaven can appear above the infinite stretches of a purely exterior spatiality, and no grace can appear within the isolated subjectivity of a momentary consciousness.

The Christian must normally adopt an analogous attitude in theory and practice in regard to teachings and moral precepts of the Church which are put forward authoritatively by the Church, even if not as irrevocable dogma.

In the first place it can be taken as axiomatic in the Catholic view of faith that where the Church's magisterium has once unambiguously required at any time an absolute, ultimate and unconditional assent of faith to a definite doctrine as revealed by God, the doctrine in question is no longer subject to revision and is irrevocable.

Here are a few of those affirmations: all baptized Christians have Spirit - granted charismata assigned to them; offices are a particular type of charismata; there is no ontological difference between officeholders and other members of the congregations; the priesthood of all believers does not divide a congregation into distinct groups (laity and clergy); ordination is a public attestation to the presence of the particular charismata by the whole congregation; ordination is not necessarily an irrevocable appointment to a lifelong task.

He revealed the Father who sent Him, above all by His Sacrifice, the New Covenant, God's irrevocable pledge of loyalty.

The Catholic Church's irrevocable commitment to Christian unity requires that we establish and maintain conversations with all parties in the maddeningly diverse worlds of all who call Jesus Lord, which, according to St. Paul, does not happen except by the Holy Spirit (1 Cor.

Just as the state is called by God to an irrevocable task of doing public justice, so also is the institutional church called by God to proclaim the Gospel in its fullness, administer the sacraments and to ensure that its members are living up to their calling before the face of God, who has redeemed them in Jesus Christ.

We list some of the most conspicuous etiologies: pain of childbirth, 3:16; the relative position of man and woman in society, 3:16; the intractability of man's natural environment and the consequent necessity of his hard labor, 3:17 - 19; man's irrevocable consignment to death, 3:19; the antipathy between the nomad and the agriculturalist and perhaps also the origin of violence in human relationships in the Brothers, 4:1 - 16; and the frustrating fact in the human situation of fundamental communication thwarted by plurality of speech and wide geographical dispersion, 11:1 - 9.

It is an irrevocable and complete commitment of self made before God and sealed by him.

«Proclaim the good news that God loves us with a definitive and irrevocable love, that married couples share in this love, that it supports and sustains them, and that by their own faithfulness they can be witnesses to God's faithful love» (CCC 1648)

P's role is in substance seen to be relatively slight except in 17 (covenant by circumcision, the P parallel to the JE covenant in Yahweh's promise, the response of faith, and Yahweh's irrevocable commitments to promise in ch.

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The Mahama administration, according to documents intercepted by Class91.3 FM and Class News, in May 2016 leased over four acres of «unnamed plots» of prime lands along the Sekou Toure Street, Ridge Residential Area in Accra, to former President Jerry John Rawlings at a yearly irrevocable rent of GHS10 for 99 years renewable for 50 years after expiration, for purposes of establishing the Rawlings Foundation.

The share purchase was made on behalf of Rio Tinto by Credit Suisse under an irrevocable mandate given by Rio Tinto to Credit Suisse on August 24, 2011.

«Mutual assured destruction, or mutually assured destruction (MAD), is a doctrine of military strategy and national security policy in which a full - scale use of high - yield weapons of mass destruction by two opposing sides would effectively result in the complete, utter and irrevocable annihilation of both the attacker and the defender becoming thus a war that has no victory nor any armistice but only effective reciprocal destruction.»

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Biologists and clergy are being radicalized by the same shared belief, a sign that we find ourselves on the brink of committing irrevocable acts.

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By morning, this simple action had brought the culture of the American entrepreneur into irrevocable conflict with the global anarchy of the Internet.

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