Sentences with phrase «funded by an inheritance»

A special needs trust is usually funded by an inheritance or a parent's life insurance policy.

Not exact matches

The # 3.1 bn cost of increasing the inheritance tax threshold and the # 400m bill for scrapping stamp duty would be funded by imposing a # 25,000 - per - year charge for «non-domicile» taxpayers.

He backed up his words by sharing that his will instructs his trustees to do just that with his wife's inheritance, putting 10 % of the cash in short - term government bonds and 90 % in a «very low - cost» S&P 500 index fund.

The judge adjusted this by awarding the wife, or ensuring that she retained, about 40 % of the total of the couple's assets: she received a housing fund (# 3.5 m inclusive of stamp duty, refurbishment and costs of purchase); a Duxbury fund of # 2,283,126, which absorbed the spousal periodical payments; and she retained for herself her own inheritance fund of # 175,000.

It was funded by the sale proceeds of the family home, the lump sum from divorce, shares and investments that she had retained from the marriage, an inheritance from her mother and also savings she had made from the maintenance from H.

However, the judge (a clear exception to the rule that legal minds can't do math) pointed out that «this ignores the fact that, in their personal capacity as estate beneficiaries, Howard and Jeanette would be entitled in due course to a portion of any funds returned by them to the estate, whereas a charge for the same amount against their inheritance would deprive them unfairly of that benefit.»

Those exemptions include assets owned at the date of marriage, assets acquired by way of gift or inheritance or funds received by way of an insurance settlement or law suit not relating to loss of property (injury claim).

If you run into a windfall of cash, perhaps from a bonus, job promotion or inheritance, you can ramp up your splurge fund by saving a portion, then allocating the rest toward your long - term goals.

It was later funded by taxes, particularly an inheritance tax.

H. Funding bequests of capital to children, grandchildren, or others without the erosion often caused by probate costs, inheritance taxes, income taxes, federal estate taxes, transfer fees, or the generation - skipping tax.

h. To fund bequests of capital to children, grandchildren, or others without the erosion often caused by probate costs, inheritance taxes, income taxes, federal estate taxes, transfer fees, or the generation - skipping transfer tax.