Sentences with phrase «do different beneficiaries»

Or do different beneficiaries get different percentages?

Not exact matches

If your child does not end up going to college, you can either name a new beneficiary (different kid) or just pay the taxes on profits.

Whatever is done, it is vital that the non-tax reasons for trusts, for example to protect vulnerable beneficiaries, to allow different people to benefit at different times and for asset - protection, are recognised and trust taxation is as transparent as possible.»

(See also the «Different rule for large plans» under Do plan participants / beneficiaries have a say in whether benefits are reduced?)

The flexibility that a beneficiary has in terms of what can be done with an inherited retirement account, as well as the tax consequences that accompany the bequest, depends on many different factors.

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.

The Court therefore ruled that in case the position of beneficiaries from subsidiary protection can be regarded as being different from third country nationals legally resident in Germany on grounds that are not humanitarian or political or based on international law and who are in receipt of welfare benefits, as these third country nationals could presumably only reside in Germany in case they were able to financially support themselves and may therefore be assumed to be integrated by the time they would be eligible for social security benefits, the residence condition does not infringe on Article 33 of the Qualification Directive.

Either way, life insurance is not a complicated concept, it just has a lot of different questions such as what type of life insurance do you need, how much coverage do you want, and who will be your beneficiaries.