Sentences with phrase «for different beneficiaries»

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

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

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 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.

Not exact matches

Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance.

[2] Mainstream organizations are defined here as those working in different projects, without a focus on disability — as opposed to disability focused NGOs, which usually implement (or partner with local organizations for that purpose) different types of projects, with persons with disabilities as their primary beneficiaries.

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.»

If there is no surviving joint subscriber, an RESP contract becomes part of the estate of a deceased subscriber and, if proper planning is not in place, the contract's value belongs to the residuary beneficiaries of the estate (for more on this, see «Quebec laws are different,» below).

It is quite different from term insurance, which covers you for set number of years and only pays death benefits to your beneficiaries.

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.

American Express offers a myriad of different membership opportunities in the form of credit cards for its potential beneficiaries, and all of these credit cards offer different benefits and rewards for its holder.

Once invested in a particular investment option, contributions and any earnings may be transferred to another investment option twice per calendar year or upon a transfer of funds to an MESP account for a different eligible beneficiary (see the Plan Disclosure Booklet for more information).

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

Similar to a term life insurance policy in that your beneficiaries receive a cash payout in the event of your death, whole life insurance policies are different in that they continue for your «whole life».

Once invested in a particular investment option, contributions and any earnings may be transferred to other investment options only twice per calendar year or upon a transfer of funds to a Plan account for a different eligible beneficiary (see the Plan Disclosure Booklet for more information).

Knowing how life insurance works is important because your different policy options will help determine how long it'll be in effect, how much you'll pay for it, and how your beneficiaries will be taken care of in the event of your death.

Once invested in a particular investment option, contributions and any earnings may be transferred to another investment option twice per calendar year or upon a transfer of funds to a MI 529 Advisor Plan account for a different eligible beneficiary (see the Plan Disclosure Booklet for more information).

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.

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

Taxes are about as much fun as watching paint dry, but knowing how your investments are taxed under different circumstances will drastically reduce the chances of a surprise for you or your beneficiaries in the future.

If you have multiple Traditional, SEP and / or SIMPLE IRAs with different primary beneficiaries, you may want to maintain a separate Form 8606 for each IRA.

Your brother may have appointed your sister - in - law as the «successor holder» for his TFSA, which is slightly different from appointing her as the «beneficiary.»

If you open more than one account for the same beneficiary, each account must be invested in a different investment option.

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.

Having thus answered the first referred question in the affirmative, AG Cruz Villalon then analyzed the question of whether Member State authorities» treatment with regard to the freedom of movement may be different for beneficiaries of different kinds of international protection, or for beneficiaries of international protection and other third country nationals.

By their very nature, policies of insurance are different; a beneficiary may be an insured party to the policy but even a non-contracting beneficiary has a legal interest sufficient to have the policy enforced and to argue for any interpretation that would be open to either of the contracting parties.

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

Beneficiary can be one person, like a spouse or child, or multiple people, given different percentages of the face amount until 100 % of the death benefit is accounted for.

It is quite different from term insurance, which covers you for set number of years and only pays death benefits to your beneficiaries.

Life insurance is different because it compensates the policyholder's beneficiaries for an event that is certain to occur at some point.

Based on these needs, they should buy adequate insurance and also nominate different categories of beneficiaries clearly, to ensure that in an eventuality, the money goes to the person it was intended for.

Of course, people use Facebook for different things (posting photos, getting news, chatting with friends, and so on), so we lay out a few categories of potential beneficiaries of a Facebook backlash.

A new policy memorandum issued by the United States Citizenship and Immigration Services (USCIS) makes clear that different H - 1B petitioners may not file multiple H - 1B petitions for a single beneficiary.