Sentences with phrase «death of the first spouse»

However, it was directed against an extremist sect that refused the possibility of remarriage even after the death of the first spouse.

For a married couple, assets such as RRSPs and RRIFs can be rolled over tax free to the surviving spouse on the death of the first spouse.

The following joint life illustrations assume that the payments continue at 100 % to the survivor upon the death of the first spouse.

To increase the payments, consider adding a reduction on the death of the first spouse.

In most cases, portability will be granted, unless the estate previously filed an estate tax return, or the estate was required to file a return after the death of the first spouse and failed to do so.

This trust enables you to exclude the entire exempted amount at the time of the death of the first spouse, placing it into an irrevocable «B trust.»

Most practitioners, whether advising on lifetime tax planning or advising executors after the death of the first spouse or civil partner, can deliver a well rehearsed speech on the importance of including a nil rate band legacy in wills.

«Death of Each life» — These joint plans pay - out at the death of the first spouse, and the cover will continue with reduced premium.

However, the «Death of Each Life» joint life insurance plan has the added benefit of a premium waiver after the death of the first spouse.

«First death» — These joint plans only pay a sum on the death of the first spouse, and the cover will cease to continue.

The surviving spouse receives an amount equal to 100 % of Sum Assured on the death of the first spouse, plus a regular monthly income of 1.75 % of the Sum Assured for the next five years.

This joint insurance plan offers a pay - out at the death of the first spouse and regular monthly payments to the surviving spouse.

First - to - die life insurance is permanent or term life insurance that pays on the death of the first spouse.

That is common among couples that will need that additional liquidity after the death of the first spouse, such as in the case of an insured couple with a big age gap.

To avoid the gift limits your parents should put in each of their wills the inheritance of the home or property they want you to have and to make this happen on the death of the first spouse; that way you can receive the house at the then current value.