Sentences with phrase «designates as the primary beneficiary»

Death benefit proceeds are passed along to whomever the policy owner designates as the primary beneficiary (s), and generally accomplishes this in a tax - free manner.

Not exact matches

Couples should consider designating each other as the primary beneficiary on bank accounts, insurance policies and retirement plans.

In simpler estate plans where there is no federal estate tax issue, it may just be easier to designate your spouse as a primary beneficiary and perhaps your trust or adult children as a contingent beneficiary.

Retirement Assets: You may designate Safe Harbor Lab Rescue as a primary or secondary beneficiary of your IRA or 401 (k) plan.

2) Have you designated anyone who has a legal disability as primary or contingent beneficiaries?

The party or parties designated to receive the life insurance proceeds if the primary beneficiary where to pass away before or at the same time as the insured.

Designate not only primary beneficiaries, but contingent beneficiaries as well just in case the primary predeceases you or is unable to accept the insurance money.

A great route to take when deciding on who should receive the proceeds of your life insurance is designating your living trust as the life insurance contingent beneficiary with your spouse as the primary beneficiary.

Most policyholders designate their surviving spouse or an adult child as their primary beneficiary.

In simpler estate plans where there is no federal estate tax issue, it may just be easier to designate your spouse as a primary beneficiary and perhaps your trust or adult children as a contingent beneficiary.

Another option is to set up an irrevocable life insurance trust and designate it as your policy's primary beneficiary.

He plans to occupy the house as his primary residence, but for estate planning purposes, he wants to put his house into a land trust with himself as the beneficiary so he can designate a successor benefiary and avoid probate if / when he dies.