Sentences with phrase «incurred by your beneficiaries»

Also, when considering «final costs» that may be incurred by your beneficiaries, be sure to consider all federal and state taxes that may be due immediately upon your death.

Not exact matches

(i) In general In the case of an individual who is an eligible student (as defined in section 25A (b)(3)-RRB- for any academic period, such term shall also include reasonable costs for such period (as determined under the qualified tuition program) incurred by the designated beneficiary for room and board while attending such institution.

(iii) expenses paid or incurred in 2009 or 2010 for the purchase of any computer technology or equipment (as defined in section 170 (e)(6)(F)(i)-RRB- or Internet access and related services, if such technology, equipment, or services are to be used by the beneficiary and the beneficiary's family during any of the years the beneficiary is enrolled at an eligible educational institution.

The following expenses must be incurred by a designated beneficiary in connection with enrollment or attendance at an eligible elementary or secondary school.

The firm stands to be the main beneficiary of the # 2.72 m in legal fees incurred by Steinhoff on the deal.

The court noted that beneficiaries should not have to incur costs chasing funds from an estate trustee to remedy situations created by the estate trustee's improper actions.

A traditional trust provides for pet care indirectly by instructing a trustee to cover expenses incurred by the pet's caretaker, the actual beneficiary of a trust, as long as the pet is cared for properly.

Now, under the new rules, on the death of the life beneficiary, the taxes are instead allocated to the life beneficiary's estate, creating a mismatch of taxes being incurred by one taxpayer and the assets being held by a different taxpayer.

The catch with either way of accessing your funds is it can reduce the death benefit your beneficiaries ultimately receive, or incur taxes if by surrender.

Enforcement: If a member fails to comply with an award or the terms of a mediated settlement agreement, the recipient to whom the award has been rendered by the arbitration panel or the beneficiary of a settlement agreement reached by the parties in mediation, shall be advised by the panel to seek judicial enforcement and request reimbursement of all legal costs incurred in seeking such enforcement.