Sentences with phrase «different beneficiaries»

You can set up multiple accounts for different beneficiaries including yourself and others who are not your children.

Of course, a customer who holds several accounts in different legal capacities (for example, as trustee for several different trusts with different beneficiaries) may receive separate protection for each account.

However, each beneficiary may have more than one account and, you may open separate accounts for as many different beneficiaries as you wish.

If your will and policy name different beneficiaries, the life insurance money will go to whoever is listed on the policy.

By purchasing separate policies, you also make it possible for the policies to carry different beneficiaries, or be handled in different ways after the named insured passes away.

Or do different beneficiaries get different percentages?

Or do different beneficiaries get different percentages?

A death benefit can usually be paid to any beneficiary you nominate, though different beneficiaries may receive different amounts depending on their circumstances (usually their age at the time the benefit begins) or your insurance contract.

You can avoid this by creating separate IRA trusts for different beneficiaries — such as a spouse and child — although this increases trust costs.

Another important point to remember is that if you have multiple traditional, SEP or Simple IRAs with different beneficiaries, you might want to maintain a separate Form 8606 for each type of IRA.

You can avoid this by creating separate IRA trusts for different beneficiaries — such as a spouse and child — although this increases trust costs.

As with the original account, the money in an 529 UGMA / UTMA account will belong to the minor who owns it — meaning that it can't be transferred to a different beneficiary.

Don't forget that you can designate specified percentages of the death benefit to different beneficiaries.

Once you invest in a particular investment option, you can transfer contributions and any earnings to another investment option up to twice per calendar year or upon a transfer of funds to a Minnesota College Savings Plan account for a different beneficiary.

Once you invest in a particular investment option, you can transfer contributions and any earnings to another investment option only twice per calendar year or upon a transfer of funds to a MESP account for a different beneficiary.

If the beneficiary decides not to attend a post-secondary educational institution, you can appoint a different beneficiary.

You'll avoid paying taxes on the earnings, reap potentially large state tax benefits depending on where you reside, and you'll have the ability to transfer the money to a different beneficiary (like your children or future children) if you don't use the money yourself.

While there can only be one Beneficiary for each plan, you can open separate plans for different Beneficiaries.

Once you invest in a particular investment portfolio, you can transfer contributions and any earnings to another investment portfolio up to twice per calendar year or upon a transfer of funds to a Minnesota College Savings Plan account for a different beneficiary.

You can also leave instructions for the trust to be transferred to a different beneficiary if the funds are not used by the original beneficiary by a certain age.

«One per season is the goal and for each event we will have a different beneficiary of our donations.»

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.

Balance the competing interests of different beneficiaries, like providing for a second spouse during their life, while ensuring the estate ultimately passes to the individual's children from their first marriage

Don't forget that you can designate specified percentages of the death benefit to different beneficiaries.

That said however most people will choose one or two different beneficiaries with instructions on how to carrier out one's burial wishes.

Special Cases Determined By Law There are several instances that may give power to the insurance company to assign a different beneficiary other than the one listed on record but this should be properly noted and documented in court.