Sentences with phrase «if irrevocable»

Ask your agent if an irrevocable trust and a life insurance annuity is the right tool for your estate planning life insurance needs.

For example, if the irrevocable life insurance trust has 3 beneficiaries, then $ 42,000 could be gifted to the trust ($ 14,000 x 3) each year.

These rights can only be canceled by the policyholder if the irrevocable beneficiary offers his or her consent.

If an irrevocable trust is the plan owner, a tax advisor should be consulted prior to exercising this option.

For example, if the irrevocable life insurance trust has 3 beneficiaries, then $ 42,000 could be gifted to the trust ($ 14,000 x 3) each year.

Not exact matches

Not everything is critical at this very moment; not all things are urgent or important in the scheme of our lives; and in a lot of cases if we're offered a reasonable choice and some (financial) incentives, we're perfectly willing to wait for stuff as long as (a) the choice is ours and (b) the choice isn't irrevocable.

If liquidity is your goal, a financial advisor can help you determine whether an irrevocable life insurance trust is best.

If the death were irrevocable, he would not have to remind people to reckon themselves dead to it.

The Christian must normally adopt an analogous attitude in theory and practice in regard to teachings and moral precepts of the Church which are put forward authoritatively by the Church, even if not as irrevocable dogma.

It's as if they have equated the diagnosis of concussion with doom and a sentence of irrevocable brain damage.»

If you provide us (in a direct mail, email and / or otherwise) with any feedback, suggestions, improvements, enhancements, recommendations and / or feature requests relating to the Services («Feedback»), then you further grant to Founding Moms a worldwide, perpetual, irrevocable, royalty - free license to use and incorporate any such Feedback.

Oct. 24: In a letter to Mei, Garry says the town's obligations under a proposed amendment to SRB's concession agreement «are irrevocable,» and that the town agrees it will repay a $ 7.8 million loan within 30 days if SRB defaults.

But government minister Lord Bridges said once Article 50 had been triggered, the process of leaving the EU was irrevocable and the amendment was totally unclear on what would happen if the UK and the EU were not able to agree a formal deal on the terms of exit.

If action is not taken soon, Alan Milburn's Commission warns, this country's biggest weakness will become irrevocable and irremovable.

If you do submit material, and unless we indicate otherwise, you grant Healthy Moms and its affiliates a nonexclusive, royalty - free, perpetual, irrevocable, and fully sub licensable right to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, and display such content throughout the world in any media.

With mobile devices an irrevocable part of kids» lives, guest blogger Tom Whitby suggests that teachers need to become mobile - savvy as well if they hope to adequately prepare their students for success in the 21st century.

With mobile devices, including cell phones, an irrevocable part of kids» lives, Whitby suggests that teachers need to become mobile - savvy as well if they hope to adequately prepare their students for success in the 21st century.

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But if one of the major reasons for establishing an irrevocable trust is to save federal and state income, estate, or generation - skipping transfer taxes, the identity of the trustee is a very tax - sensitive decision.

Additionally, if it is an irrevocable trust, it may not be considered part of the taxable estate, so fewer taxes may be due upon your death.

An irrevocable trust is generally preferred over a revocable trust if your primary aim is to reduce the amount subject to estate taxes by effectively removing the trust assets from your estate.

If you do have a larger estate, it is also important to consider estate planning that limits your estate tax exposure and this can be accomplished through spousal and generational planning, irrevocable trust planning, and charitable planning, with the assistance of a qualified expert.

If we receive security certificates (from you or a third party) that haven't been endorsed, you can register them in street name by completing an Irrevocable Stock or Bond Power Form PDF for each security issuer.

If the federal estate tax were to be abolished, the question is whether this need to reduce the estate would go away and negate the need for planning with irrevocable life insurance trusts.

If you'd like to learn more about irrevocable life insurance trusts OR anything else pertaining to life insurance OR estate planning, e-mail or give us a call today.

Thus, even if the trustmaker is later sued or embroiled in financial problems, the nest egg placed in the irrevocable life insurance trust will be secure.

Estate Preservation Rider — If the estate planner has opted to issue the policy outside of an irrevocable life insurance trust (ILIT), federal law requires the policy to be in the ILIT for three years or the transfer to the ILIT is void.

Since transfers to a custodial account are irrevocable, the transferor can not take the money back if he or she later has a change of heart or an unexpected expense arises.

Under IRC Section 2035, the death benefit of a life insurance policy can still be included in the owner's estate for three years if the policy is gifted to an Irrevocable Life Insurance Trust (ILIT).

If you have an estate that is close to the federal exemption limit, careful asset protection using an irrevocable life insurance trust may be necessary.

A stand alone special needs trust can also be advantageous if the trustmaker has a large estate requiring federal estate tax planning because assets can be «gifted» to the special needs trust in the same manner as often used for an irrevocable life insurance trust.

If you transferred your life insurance policy to Irrevocable Life Insurance Trust (ILIT) within three years before your death, the proceeds from the policy will still be included as part of your taxable estate when calculating the estate tax payable by the IRS.

If, for some reason, you can not obtain new insurance, have his or her existing policies transferred to you as the new, outright policy owner or irrevocable beneficiary.

Having irrevocable beneficiaries can be difficult if, for example, you get divorced and need your ex-wife's consent to change how your life insurance benefits are paid out.

The only time this process becomes complex is if you have irrevocable beneficiaries.

Also, consider transferring assets into an irrevocable trust if you're close to the threshold for owing estate taxes.

Please note that we do not accept disputes from third parties unless accompanied by a notarized power of attorney that authorizes a licensed attorney or a family member to represent you, or if the power of attorney is unlimited and irrevocable.

In the US, we have a concept called an Irrevocable Life Insurance Trust; that is one possibility for you, if the UK has the same concept - this is a trust that specifically exists to be the beneficiary (and, technically, owner) of the life insurance policy.

But what if the policy is owned by an Irrevocable Life Insurance Trust (ILIT) and managed by a third - party trustee?

One exception to the unfavorability of term life insurance for executive bonus plans if is the employee has accumulated a large estate and it is advantageous to use the policy to fund an irrevocable life insurance trust.

If family business succession planning is involved, the terms of the transition should be spelled out in the estate documents including any revocable or irrevocable trusts.

If an estate is larger and therefore vulnerable to federal or state estate tax exposure, an irrevocable trust may be used to provide liquidity for the estate without being subject to estate taxes by owning the policy and being designated as the beneficiary upon the death of the insured.

If the child is younger than 21 years of age, you can make an irrevocable monetary gift to the child using a PSECU Custodial account.

If, despite our request that you not send us your Unsolicited Ideas, you still submit your Unsolicited Ideas to us or to any of our employees and / or contractors, then, you hereby grant us and our designees a worldwide, non-exclusive, sublicenseable, assignable, royalty - free, perpetual, irrevocable right to use, reproduce, distribute, create derivative works of, publicly perform, publicly display and license, digitally perform, make, have made, sell, offer for sale and import your Unsolicited Ideas, including, without limitation, all copyrights, trademarks, trade secrets, patents, industrial rights and all other intellectual and proprietary rights related thereto, in any media now known or hereafter developed, for any purpose whatsoever, commercial or otherwise, including, without limitation, giving the Unsolicited Ideas to others.

Now I read that even if a piece is sold, the artist: 1) Isn't informed about shipping addresses; 2) Isn't assured that they have or will be paid; 3) Is responsible for paying the buyer's sales tax bill; 4) Presumably is required to forward sales tax funds to the buyer's state department of revenue; 5) Has money / time invested in shipping a parcel to a potential buyer who may or may not return the art a week later (like a toaster oven); 6) Has language like the following within their user agreement: royalty - free, sub-licensable through multiple tiers, perpetual, irrevocable, worldwide right and license to use, reproduce, distribute, modify, translate, create derivative works from, publish, publicly perform and publicly display such User Content and any names, likenesses or trademarks depicted in such User Content, in any media now known or later developed, only for the purposes of developing, promoting and providing the Site.»

If that sounds like having to jump in the deep water before we're sure we can swim it still looks better than the absolute certainty of irrevocable global climate disaster that delaying our commitment and keeping on as we are.

Inadvertently missing a requisition when filing a response to an office action can result in the deemed abandonment of the patent application which, if not rectified, results in the irrevocable loss of the patent application possibly without further notice to the applicant.

Moreover, if the creator receives «consideration» (i.e., anything else of value) for the work, this license is irrevocable.

The Ninth Circuit Court of Appeals found that if a company pays a creator to create a work, the work is delivered to the company, and the creator intends for the company to copy & distribute that work, then the company has an implied, non-exclusive, irrevocable license to distribute the work.

In the meantime, if it should happen that Ms. Taylor is not present for the end of the story because she exercised her right to end her life in accordance with the exemption, I am not persuaded that the nature of any harm suffered by the public as a result offsets the likely final and irrevocable nature of the harm to Ms. Taylor if a stay is granted.