Sentences with phrase «if other beneficiaries»

If no other beneficiaries are listed, it will be sent to your estate.

But, on the bright side, if other beneficiaries start to die, it could serve as an early warning sign.

Not exact matches

If one child decides not to go to school, goes to a cheaper school than expected, gets a full scholarship (more on that in a minute), or for some other reason doesn't use all of the money, you can simply change the beneficiary on the account and give those funds to another child... or even to yourself, if you'd like to go back to schooIf one child decides not to go to school, goes to a cheaper school than expected, gets a full scholarship (more on that in a minute), or for some other reason doesn't use all of the money, you can simply change the beneficiary on the account and give those funds to another child... or even to yourself, if you'd like to go back to schooif you'd like to go back to school.

If these loans don't get paid back then banks could start going bust, while local governments, some of which have been a beneficiary of these loans, and other companies could find themselves underwater, too.

If leaving a financial inheritance to your children or other beneficiaries is important to you, it's going to be very hard to leave any assets to them if you're relying on Social Security alonIf leaving a financial inheritance to your children or other beneficiaries is important to you, it's going to be very hard to leave any assets to them if you're relying on Social Security alonif you're relying on Social Security alone.

Investors should determine if their home state offers a 529 Plan that may offer such favorable tax treatment and benefits to residents or beneficiaries of that state that may not be available to investors or beneficiaries of other states.

If a minor or individual with special needs or other issues is the desired beneficiary, then a trust for the benefit of the minor or other individual must become the beneficiary, thereby avoiding any interaction with the court or subjecting the account to creditors, predators, ex-spouses or unnecessary spending.

If you are not a taxpayer of the state offering the plan, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.

It's meant to call things as they are: If you are white, you are the beneficiary of certain advantages that others don't share.

Our obligation is even more emphatic if we are the victimizers — or the beneficiaries of past or present victimizing carried out by others — rather than just good Samaritans who tend to the afflicted after the crime has been committed and the perpetrators have fled.

Gays should be able to put each other as beneficiaries on their pensions, or be able to see each other in the hospital if the other is hurt without any questions asked, but being able to be married - a unity between a man, a women, and God — that shouldn't be allowed.

The parent (s) and / or legal guardian (s) will instruct the minor participant that prior to participating in the below ALL SPORTS SERIES AND CHICAGO SPORT & SOCIAL CLUB, INC. («CSSC») and its affiliates (CSSC and its affiliates are referred to collectively as the «CLUB»), the sufficiency of which consideration is expressly acknowledged, and intending to be legally bound, do hereby, for myself, my heirs, executors, administrators, insurers, assigns, attorneys, representatives, agents, beneficiaries, legatees, representatives, successors, assigns and any other persons who may make claims on my behalf (collectively the «RELEASORS»), activity or event, he or she should inspect the facilities and equipment to be used, and if he or she believes anything is unsafe, the participant should immediately advise the officials of such condition and refuse to participate.

Hon. Otuteye urged the beneficiaries to make good use of the cash grants they would receive and if possible support others who were yet to be captured on the LEAP program.

If the City of Syracuse, the major beneficiary of the success of the GSLB pulls its funding, why would other stakeholders and agencies continue to invest?

Of course you also have the beneficiaries like Jonathan and others who might feel threatened if there is a serious war on corruption.

The tax credit is not allowed if the taxpayer designates the taxpayer's contribution to the school tuition organization for the direct benefit of any dependent of the taxpayer or if the taxpayer designates a student beneficiary as a condition of the taxpayer's contribution to the school tuition organization. The tax credit is not allowed if the taxpayer, with the intent to benefit the taxpayer's dependent, agrees with one or more other taxpayers to designate each taxpayer's contribution to the school tuition organization for the direct benefit of the other taxpayer's dependent.

You, and in the event of your death, your family, dependents, heirs, assignees or any other beneficiaries of your estate, indemnify and hold us and our affiliates harmless against any claim by you, or your partner (if applicable), (whether direct, indirect, incidental, punitive or consequential) of any nature, whether arising from negligence or any other cause, relating to any injury, loss, liability, expense and / or damage which you may suffer, howsoever arising, in relation to your entry into this competition and / or acceptance and / or use by you of a prize.

If the account is transferred to any other individual than a spouse as the beneficiary, the account will be treated as taxable income.

Waters agrees that for most people, it's somewhat unrealistic to have zero income other than dividends, although it can come up if children are the beneficiaries of a trust that flows out eligible dividends, for example (being mindful of income attribution rules).

The account belongs to the parents rather than the child, so the parents can change the beneficiary if a child does not attend college or uses scholarships or other aid.

This exception said that other than the one year rule, «if your beneficiary is your surviving spouse, within the later of one year after the date of your death or the date you would have attained age 70 1/2.»

If either you or we choose or elect arbitration of any claim, dispute, or controversy, (which may be without the other's consent), any claim, dispute or controversy by either you or us against the other (or against the employees, parents, subsidiaries, affiliates, beneficiaries, agents or assigns of the other) arising from or relating in any way to your Account, transactions on your Account, our relationship, this Agreement or any provisions of this Agreement, any prior Agreement, any disclosures, advertising, or application (hereafter «Claim» or «Claims»), including Claims regarding the applicability or validity of this arbitration clause, shall be resolved exclusively and finally by binding arbitration.

Mortgage title insurance protects a beneficiary against losses if it is determined at the time of the sale that someone other than the seller owns the property.

Regarding the decisions about apporting assets among adult children (beneficiaries), there are several consideratikons: relative wealth of each beneficiary; age of each beneficiary, as a guide to life expectancy; other sources of income, if any, available to each beneficiary such as working spouse or likely inheritance and amount from spouse's parents; support and help rendered during lifetime, especially later years; # of young children and their ages for each beneficiary; relative need among beneficiaries to maintain a reasonable standard of living; and so on.

If you or your beneficiary elect an option other than lump sum, any interest accrued on the death benefit will be taxed.

Generally, if you receive the proceeds under a life insurance contract as a beneficiary due to the death of the insured person, the benefits are not includable in gross income and do not have to be reported; any interest you receive is taxable and you should report it just like any other interest received.

If you are clearly the beneficiary, and the policy is clearly legitimate, and there is no evidence of fraud or other foul play, then the money is yours except for that portion that goes to taxes.

Generally, if you die prior to your attained age 70 1/2 and you have named persons other than your spouse as beneficiary, the entire IRA must be distributed by December 31 of the year containing the fifth anniversary of your death.

Consequently, if your life situation changes, or if any of your beneficiaries change their addresses or other identifying information, you may want to file a new Designation of Beneficiary form that cancels or updates your current beneficiary dBeneficiary form that cancels or updates your current beneficiary dbeneficiary designation.

If you or the designated beneficiary is not a New Hampshire, Massachusetts, Delaware, or Arizona, resident, you may want to consider, before investing, whether your state or the designated beneficiary's home state offers its residents a plan with alternate state tax advantages or other state benefits such as financial aid, scholarship funds and protection from creditors.

When beneficiaries other than your spouse inherit your non-Roth IRA, they will have to withdraw the funds based on your life expectancy (faster pace than if it were their life expectancy).

If you are not a Nevada taxpayer, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.

It sounds as if you are listed as a primary beneficiary and there are lines underneath the primary designation with the two other individuals.

As mentioned earlier, if you reside in a community property state and select someone other than your spouse as the beneficiary, your spouse is required to sign a form acknowledging that they agree to give up their rights to the insurance proceeds.

For example, if you have two beneficiaries slated to split the death benefit, and one of them predeceases you, leaving two heirs behind, upon your death 50 % of the policy's proceeds would go to the living beneficiary and 50 % would be split between the other beneficiary's heirs.

If two beneficiaries are listed on an employment life insurance policy split up 50/50, and one of the beneficiaries are not found (due to no contact information or last name etc) would the other beneficiary receive the 100 % or only the 50 % originally placed?

Like traditional life insurance, the death benefit of a second - to - die policy can ensure your beneficiaries receive a minimum amount of money, even if savings and other retirement income is spent during the lives of you and your spouse.

If the other two individuals are contingent or secondary beneficiaries then they wouldn't receive the death proceeds unless the primary (ies) are not alive to accept them.

If your grandmother has also passed and there are no other named beneficiaries, then the death benefit will be paid to your uncle's estate.

If you are a surviving beneficiary other than a spouse, the only rollover option you have is to do a direct rollover to an inherited IRA.

Here's why: If you live to old age, your beneficiaries will eventually get back only what you contributed to the policy, plus a small amount of interest — likely much smaller than that same amount would have generated if it were invested in an IRA or other accounIf you live to old age, your beneficiaries will eventually get back only what you contributed to the policy, plus a small amount of interest — likely much smaller than that same amount would have generated if it were invested in an IRA or other accounif it were invested in an IRA or other account.

If your beneficiary is other than your spouse, they may be required to withdraw a certain amount each year but they'll still get the money tax - free.

This election allows you to make a lump - sum contribution up to five times the annual exclusion amount of $ 75,000 per beneficiary in one year and elect to treat the contribution as if it was made ratably over five years avoiding federal gift tax liability, as long as you make no other gifts to the same beneficiary for the next five years.

On the other hand, if you have named specific children, any later - born or adopted children will not receive the death benefit — unless you change the beneficiary designation to include them.

Back in the day, any form of flying was considered extremely hazardous and most life insurance companies would either force the applicant to pay an exorbitant amount or they would add an aviation exclusion clause to the policy, in other words, if you died as the result of a plane crash, your beneficiaries wouldn't receive the death benefit.

In other words, if your term life insurance coverage amount were $ 475,000, your named beneficiary would receive that total amount.

If you or your designated beneficiary is a resident of a state other than Colorado, you may still be eligible to receive tax benefits.

Note that only a spouse can be your successor holder: if you want a child or other heir to receive your assets, they must be named as the beneficiary.

If you play your cards right, you may even be able to leave a substantial nest egg behind for family or other beneficiaries after your death.

In some cases, if you transfer the ownership of your life insurance policy to another party before your death for monetary value or other consideration, the proceeds paid to the beneficiary at your death could be considered taxable income to that beneficiary.