Sentences with phrase «irrevocable so»

These can be a cost - effective way to fund your funeral, but the interest is typically taxable and they're irrevocable so they're difficult to modify.

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

Your decisions will most often be irrevocable so seek counsel from a learned advisor and the Social Security Administration so that costly mistakes do not occur.

Not exact matches

The child is on Medicaid, so creating a typical irrevocable trust for the child disqualifies him or her from these needs - based government benefits.

Authorized by federal law, a special needs trust is an irrevocable trust designed specifically to hold assets for a beneficiary so that the funds do not disqualify the recipient from needs - based government benefits.

With a lawyer's assistance place the policy within an irrevocable life - insurance trust so that its proceeds will not be taxed as part of your estate.

Whether or not we choose to so understand the original Christian gospel of the dawning of the Kingdom of God, it is clear that the radical Christian affirms that God has died in Christ, and that the death of God is a final and irrevocable event.

Just as the state is called by God to an irrevocable task of doing public justice, so also is the institutional church called by God to proclaim the Gospel in its fullness, administer the sacraments and to ensure that its members are living up to their calling before the face of God, who has redeemed them in Jesus Christ.

Our freedom to serve God (so they reasoned) is only a dim possibility; the continued pursuit of that freedom means the irrevocable renunciation of all the aspects of security we have ever known.

In a sense, any punishment wrongfully imposed is irrevocable, but none is so irrevocable as death.

The thinking being that invoking Article 50 is an irrevocable action and so Parliament must speak on it.

And in this moment, the film makes clear what it is that is so compelling about him — perhaps as a person but surely now, as a mythic figure who went out into the mountains and died — the very fact that Chris makes choices, informed and not, eventually irrevocable.

The election by an eligible employee to participate in the optional retirement program is irrevocable for so long as the employee continues to meet the eligibility requirements set forth in this section and in s. 121.051 (2)(c), except as provided in paragraph (i) or as provided in s. 121.051 (2)(c) 3.

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.

Janice needs to be an irrevocable beneficiary of this policy, but also possibly an owner, so she pays the premiums and the insurance doesn't expire.

Larger estates will oftentimes use an Irrevocable Life Insurance Trust so the policy would not be counted as part of the gross estate.

With the Irrevocable Life Insurance Trust (ILIT) document, you can manage the way the proceeds of the life insurance policy will be disbursed so that the beneficiary may not have outright ownership to the policy.

When you complete a designated beneficiary form, it will specify whether the beneficiaries are irrevocable or revocable, so make sure to check.

JA: So, inter-plan conversions, it's irrevocable.

This strategy has been so popular that the coined term irrevocable life insurance trust (ILIT) has been earmarked for this strategy.

It is the first book to consider the various ways in which contemporary artists from North Africa and the Middle East utilize and disrupt the function of the archive and, in so doing, highlight a systemic and perhaps irrevocable crisis in institutional and state - ordained archiving across the region.

For example, if the husband is required to pay support, he may also be required to obtain a life insurance policy and name his spouse as irrevocable beneficiary of the policy so that if he dies, the spouse will have sufficient funds for his or her support.

So 7.3 fixes it and makes this discussion moot in the employment context, but the Supreme Court's decision seems to support the proposition that there are circumstances where implied consent really equals deemed, irrevocable consent.

It matters little whether the notice is not revoked because it is irrevocable or because the government doesn't revoke it even though it could do so.

A revocable designation allows the insured to change beneficiaries after the policy becomes in force, if he or she so chooses, without the consent of the beneficiary; While an irrevocable designation can not be changed in the future without the consent of the beneficiary.

One way to avoid this is to use an irrevocable life insurance trust (ILIT) so the death benefit is not counted as part of your estate.

One way to do so is to set up an irrevocable life insurance trust, or ILIT.

Irrevocable life insurance trusts are incredibly complex to set up and manage and I would never suggest that someone do so without a good lawyer to assist in its creation.

Accomplish this by: > Living Revocable Trusts > Irrevocable Trusts > Family Gifting Programs > Survivorship Life Insurance > Charitable Remainder Trusts We can assist you in reducing taxes so you will have a larger estate to enjoy during your lifetime, and help preserve your estate for your family after death.

An irrevocable life insurance trust separates your life insurance policy from your estate so it is not subject to estate taxes.

If so, you can change the beneficiary at any time with a simple form as long as the beneficiary is not irrevocable, in which case the beneficiary's written consent would also be needed.

Finally, you may use life insurance if you have a large estate to fund an Irrevocable Life Insurance Trust, so that the life insurance benefits aren't included in the estate for tax purposes.

An irrevocable trust can not be modified once it has been established, so the IRS will not consider it to be an asset.

Your separation agreement should state that the beneficiary designation of your spouse's life insurance policy is irrevocable, so that it can't be changed later on without your knowledge.

Time is of the essence, the more so if working with tight irrevocables.

So the irrevocable direction is still enforceable!