Sentences with word «irrevocable»

Other strategies include the use of irrevocable life insurance trusts, and giving the cash benefit to your heirs as a gift while you are still alive if the amount you will be giving is less than a million dollars.

For example, one type of annuity product is a life insurance irrevocable trust, which can be a great tool for property protection and federal estate tax savings.

Where high net worth households tend to separate from the pack, in terms of estate planning households, is the use of irrevocable trusts with a much greater emphasis on asset protection and federal estate tax planning.

In particular, the question was where a support payor owns a life insurance policy and is required to name the support recipient as irrevocable beneficiary of the policy, what rights does the support recipient have to the policy proceeds in the face of a competing claim of another dependant of the deceased payor brought under the Succession Law Reform Act («SLRA»).

This not only allows for easy comparison of costs between carriers, but also works well in irrevocable life insurance trusts (ILIT's) since cash is of no consequence.

Coverdell Education Savings Accounts are insured under the same provisions as irrevocable trust accounts.

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.

In undertaking the consultation the Crown should not have made irrevocable decisions on a matter that could affect Aboriginal or treaty rights.

Most of these policies are owned by irrevocable trusts — a common way to handle estate planning, and one that should involve a financial planner and attorney.

The policy is relatively inexpensive for a permanent life product and the proceeds are income tax free, making it an excellent option for funding irrevocable life insurance trusts.

Unfortunately, maybe people make irrevocable steps to divorce prior to getting all the facts.

You can not remove or change the designated payout for irrevocable beneficiaries without their express consent.

For more information on using irrevocable life insurance trusts in estate planning, contact MEG Financial now at [phone].

Advantage: Provides more investment choices Disadvantage: Irrevocable gift, may reduce amount of financial aid

By entering the Awards, you grant to us on creation of the Materials a worldwide, royalty - free, perpetual, exclusive and irrevocable license to use the Materials for purposes we choose in our sole discretion and that we may license, authorise or otherwise transfer the rights in the Materials to others to do the same.

By morning, this simple action had brought the culture of the American entrepreneur into irrevocable conflict with the global anarchy of the Internet.

Many revocable living trusts become irrevocable once the last trustee dies.

The owner is the only person who can change beneficiaries (as long as they are not irrevocable beneficiaries) and permission does not need to be taken from the old or new beneficiaries to enact the change.

«We're pretty blunt about telling new customers that until we get to know them better, we insist on payment in advance — for which we give them a 2 % price discount — or payment through a confirmed, irrevocable letter of credit,» says John Kirchgeorg, the owner of Life Corp., a manufacturer of emergency oxygen units in Milwaukee.

You hereby grant the World Photography Organisation a non-exclusive, irrevocable licence in each Entry throughout the world for three years in all media for any use connected to the promotion of the SWPA event and / or competition, including, but not limited too:

As with recent films such as At Berkeley and National Gallery, there's the sense with In Jackson Heights that Wiseman is capturing a place at a very specific moment in time, right at the precipice of irrevocable change.

Covenant is the promise of Yahweh, and his own irrevocable act of commitment to that promise to take Israel for a people, and through her to restore to the world the lost blessing of creation, to mend the now fractured meaning of existence, and to heal history's tragically disordered order.

The plan, first referenced in 1959, made clear it had to be destroyed by a nuclear bomb because the architecture of the tunnel would prevent a less catastrophic explosion from causing irrevocable damage.

«We can ensure an efficient, simultaneous, final and irrevocable transfer of ownership in exchange for payment in one click online, which is in the interests of the buyer, seller, agent, banks and conveyancers.»

Any comment on the idea that whether Article 50 is validly triggered, resulting in inevitable loss of domestic law rights (if irrevocable), is a question on its terms and thus a question of EU law, falling to be determined by CJEU?

Karelides Traders Private Ltd. (backed by unconditional and irrevocable undertaking by a wholly owned subsidiary of Piramal Enterprises Ltd)

Secret reserves and irrevocable bidding stain and deform the auction process.

Once an accelerated death benefit has been paid, the election to request such accelerated death benefit can not be revoked.Consent of an assignee or irrevocable policy beneficiary may be required.

It will be increasing them most right in the sweet spot of the new law, the $ 5 million dollar exemption ($ 10 million per married couple) that allows huge single premium policies to be purchased and held out of the estate through Irrevocable Life Insurance Trusts.

An experienced estate planning lawyer with our firm can answer your questions about irrevocable trusts.

One bad trade or one bad line of code within a company that isn't a cryptocurrency trading expert can and will do irrevocable harm to the bottom line.

What seems like the intelligent choice in the moment can end up doing irrevocable damage to your caravan.

These comparatively small - scale changes may mark the beginning of a fundamental and irrevocable transformation in the southern Weddell Sea.

This issue should be considered, especially where irrevocable life insurance trusts designate beneficiaries who are also successors in a family business.

He once again restated the Church's irrevocable commitment to ecumenism in «the confidence that the Lord will never abandon us in our quest for unity.»

These trusts are called Irrevocable Life Insurance Trusts or «ILIT's.»

It found that «implied consent» is really not consent, but deemed and irrevocable consent where it's reasonable.

Powergrid Vizag Transminssion Ltd. (backed by unconditional and irrevocable guarantee by Powergrid Corp)

Like an option contract, the Firm Offer Rule is a type of irrevocable offer contract, meaning the person offering the contract can not revoke it for a period of time.

As it stands, a Creative Commons license is essentially irrevocable so long as the initial criteria was met.

Suppose an individual believes something with his whole heart; suppose further that he has a commitment to this belief, that he has taken irrevocable actions because of it; finally, suppose that he is presented with evidence, unequivocal and undeniable evidence, that his belief is wrong: what will happen?

Once both you and your spouse sign the agreement, it is a binding and irrevocable agreement that gets filed with the court with your divorce decree.