Sentences with phrase «going to a final beneficiary»

A trust which creates a life estate for a beneficiary with the trust principal going to a final beneficiary when the life beneficiary dies.

Not exact matches

And another great benefit is the cash value grows in a tax favored environment, with the final death benefit from your life insurance going to your beneficiary income tax free.

The Manitoba Court of Appeal also found that a «beneficiary need not suffer an actual loss in order to be entitled to a remedy» (at paragraph 23) and «given the shameful conduct on the part of the appellant fiduciary» (at paragraph 26) it ordered the appellant to pay the funds to the court pending the final outcome of the administration of the estate, while repeatedly emphasizing the obligations of a committee and the lengths the court will go to in upholding this fiduciary relationship.