Sentences with phrase «by the beneficiary after»

Further, if the death benefit exceeds the policy cash surrender value, the proceeds received by the beneficiary after the client's death will also be income tax - free.

The benefits that the burial insurance offers can be used by the beneficiaries after a claim is filed.

Not exact matches

Or if there is excess money in the account after paying for one child, you can use the rest for another by changing the beneficiary.

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.

If you die by any means after the first two years, the full death benefit amount will be paid to your beneficiaries.

But after 20 children and six adults were killed at Sandy Hook Elementary School in 2012, the Obama administration tried to add some people to the background check system, by requiring the Social Security Administration to submit records of some beneficiaries with severe mental illness.

Our obligation is even more emphatic if we are the victimizers — or the beneficiaries of past or present victimizing carried out by others — rather than just good Samaritans who tend to the afflicted after the crime has been committed and the perpetrators have fled.

Furthermore, Ainsley Maitland - Niles is a central midfielder by trade, and may be the biggest beneficiary from the transfer, after the rest of us, who suffered 159 games of Mad Franky Coquelin.

Owing to funding constraints, Government decided to start the project by constructing an E-Block in each beneficiary District except the 23 World Bank funded projects which came with the full complement after successful negotiations led by Prof. Naana Jane Opoku - Agyemang.

The so - called «McDonnell amendment», named after the shadow chancellor who was long assumed to be its likely future beneficiary, is strongly backed by the left.

It was learnt that shortly after paying in the cash, Diezani's son, Ugonna, approached the detained MD and furnished him with the list of beneficiaries of the cash as instructed by his mother.

On the specific issue of providing constituency offices, John Boadu and his team, after listening to the concerns of the constituency executives and consulting the regional party, selected the Wa West and Sissala West constituencies from the Upper West region to be the beneficiaries of the first 20 constituency offices to be built by Mr. Boadu before the June conference.

Fellow Ghanaians, the conduct of the President after the decision and order of the Supreme Court on 15th November 2016 in publicly casting aspersions on the Court and the beneficiary of the order shows clearly that as the chief looter in this case, the President is determined to prevent the examination ordered by the Court in the absence of strong patriotic public pressure and opinion.

A 0.5 % tax on the assets of the wealthy, modelled on the French system, and an «accessions tax» on the beneficiaries of estates will be considered by Liberal Democrats at their annual conference next month after the party leader, Nick Clegg, proposed a new levy on the rich.

He said the expectation was that after the workshop, the beneficiaries would also replicate the gains by training more staff and in states and local government areas.

The papers «Emergency Department and Inpatient Hospital Use by Medicare Beneficiaries in Patient - Centered Medical Homes» and «Changes in Emergency Department Use Among Young Adults After the ACA's Dependent Coverage Provision,» along with an accompanying editorial («Patient - Centered Medical Homes May Reduce ED Use: What Does this Tell Us?»)

This is a finite award and beneficiaries must be able to show how they will sustain any activity paid for by the award after the funding period.

The three groups of second graders spent time researching agencies in their community that might be beneficiaries of profits generated by their funds, after covering material costs.

Soon after, he was tapped by the League of Haitian Families in Boston to help Haitian immigrants pass a civics exam, under the 1988 amnesty law which required undocumented beneficiaries to pass a civics course on American history to receive permanent residency — a role that sparked his career as a teacher.

That's because schools had been big beneficiaries of federal stimulus funds to revive the economy after the 2008 recession, but by 2011, those funds had been exhausted.

Second, to stretch an IRA over the nonspouse beneficiary's lifetime, required minimum distributions must be taken by December 31 each year, starting in the year after the original owner died.

Top criticisms of the Trump plan: the top beneficiaries of the changes will be the 0.1 % with incomes over $ 3.7 million who would save 14 % of after tax income, compared to an 8 % saving for middle income household; this according to research by the Tax Policy Centre.

Tax experts estimate that failure to claim the Income in Respect of Decedent (IRD) deduction can result in a tax rate of 80 % or more on the inherited amount, broken down to a combination of estate taxes paid by the deceased IRA owner and federal / local state taxes paid by the beneficiary who inherits the assets after the death of the IRA owner.

However, one by one, beneficiaries of the Trump rally have been running out of gas.1 Small - cap stocks hit the wall in February, financials rolled over in the last two weeks, and airlines have lost altitude after stalling at 15 - year highs in December.

The additional 10 % tax generally does not apply to payments that are: • Paid after you separate from service during or after the year you reach age 55; • Annuity payments; • Automatic enrollment refunds; • Made as a result of total and permanent disability; * • Made because of death; • Made from a beneficiary participant account; • Made in a year you have deductible medical expenses that exceed 7.5 % of your adjusted gross income; * • Ordered by a domestic relations court; or • Paid as substantially equal payments over your life expectancy.For more info see: https://www.tsp.gov/PDF/formspubs/tsp-780.pdf Enjoy your retirement!

Whatever can not be covered by your assets will be forgiven... if you have assets remaining after the debts are paid then that's what your beneficiaries will receive.

You may have heard about people using a withdrawal and re-contribution strategy with their super after they retire as a way of minimising any future tax payable by non-dependant beneficiaries after they die.

The beneficiaries might be able to access the money soon after the insured person's death, or the trust assets could be paid out incrementally by the trustee over time according to the trust's terms.

The deceased's executors don't designate a beneficiary by Sept. 30 of the year after the year of the IRA owner's death.

For example, if the account owner is in the 35 % tax bracket and the beneficiary is in the 28 % bracket — a difference of just seven percentage points vs. the 13 percentage points of dropping from a 28 % to 15 % tax rate — those two advantages are enough to put the conversion ahead of the traditional IRA plus taxable account by nearly 4 % after 20 years, $ 340,000 vs. $ 328,000.

Since Ethyl had wisely designated the three boys specifically by name as beneficiaries, each one could draw out the Required Minimum Distributions using their own ages after setting up individual inherited IRAs for each.

Payments sent by direct deposit after the date of death or ineligibility of a beneficiary (except for salary payments) must be returned to the federal agency.

The organization will be the beneficiary of the Baxter Burgundy Scholarship for Classy Dogs, named after the dog of the character played by actor Will Farrell.

Why, after all, should governments be paying for paved roads, when the chief beneficiary by far are private corporations making fossil fuel consuming vehicles?

With regard to the question of compatibility of the imposition of a residence condition with Articles 29 and 33 of the Directive, after having found that these Articles in principle require an equal treatment of all beneficiaries of international protection as regards the freedom of movement (Article 33) and a treatment that is equal to nationals of the relevant Member State in the matter of welfare benefits (Article 29), the Court concludes that a residence condition can still be imposed on beneficiaries of subsidiary protection status, if they are not in an objectively comparable situation with beneficiaries of other international protection status or nationals of the Member States as regards the objective pursued by the national law that seems to infringe on Articles 29 and 33 (point 54 of the judgment).

This makes the matter safer than, say, a will that might be made at large and pulled out of the ether by a purported beneficiary after the death of the testator.

- Mrs W did not mention to the bank or to her solicitor that she intended to make a gift to Mrs M. - When questioned by one of the residuary beneficiaries, Mrs M did not mention her conversation with Mrs W about the account passing to Mrs M after Mrs W's death.

And then, after their property has gone to some beneficiaries and maybe on - sold or distributed to the beneficiaries of the estates of beneficiaries who have died, etc, the person turns up alive, e.g. parachuted at the last minute while everyone was distracted by something else.

After your client's death you realize that the land was owned by your client's company, not your client directly, and the company passed to a different beneficiary.

According to section 21 (3) of LA 1980, subject to other provisions of section 21, an action by a beneficiary to recover trust property or in respect of any breach of trust shall not be brought after the expiration of six years from the date on which the right of action accrued.

If a person passes away during the time the policy is in place their beneficiaries will receive the death benefit, but if they die after the policy expires, even by a day, the beneficiaries receive nothing.

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 life insurance beneficiary, designated by the insured, gains control of the death benefit after the insured dies.

With the trust in place, the beneficiaries listed on the policy will receive the full benefit amount and not just a portion of the benefit after it is taxed by the government.

After the divorce is finalized, and if no restrictions have been placed on where the face amount of the policy can go, the policy owner can change the beneficiaries of their policy normally by submitting a beneficiary change form to their insurance carrier.

If there's a cause you're passionate about that you'd like to dedicate your life to supporting, you can make sure that your efforts go on even after you're gone by making a charity the beneficiary of your policy.

One you have decided to purchase life insurance, you'll need to determine your coverage amount by considering how much your beneficiaries will need after you die.

[x] The amount received by the beneficiary, from an annuity or insurance policy, after the death of the insured individual.

By being honest, you might end up paying a little extra per month but surely this is better knowing your family and death beneficiary will definitely get the money after you pass away?

Therefore, you can still be insured by your term life insurance policy, and your beneficiaries remain the same, even after you transfer ownership of the policy.