Sentences with phrase «left to other beneficiaries»

It is possible, however, through careful drafting of a will to ensure that as much as possible of the nil - rate band of the first to die can be left to other beneficiaries, eg children and grandchildren, thus ensuring that the nil - rate bands of both spouses or civil partners are used.

Not exact matches

Since estate taxes are assessed only when bequests are left to someone other than a husband or wife — most commonly, when estates pass, after parents» death, to the children — it's smart to buy enough second - to - die coverage in the name of the beneficiary to pay off future estate - tax bills.

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 alone.

Another reason some retirees resist spending is that they have a particular dollar figure in mind that they want to leave their kids or some other beneficiary.

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 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.

Conveniently leave money for your loved ones with the ability to bypass your estate by naming a beneficiary other than the estate to receive the death benefit

If the amount you withdraw during at least some of these years is less than the amount you would have been required to withdraw from a traditional account, you'll have a larger account to use in your later years or to leave to your children or other beneficiaries.

When someone passes away and leaves their stocks, bonds, mutual funds, properties, and many other assets to family members, the beneficiary often receives the assets at a stepped up cost basis.

For example, a TOD overrides any statement in your will leaving the property to other beneficiaries.

The changes mean that anyone planning to leave 4 % or more of the IHT - eligible portion of their estate to charity would leave more for their other beneficiaries by raising the value of the charity legacy to 10 %.

However, while there may be more «spare» cash available for people to leave to charities, large charitable bequests are increasingly putting the charities that receive them in conflict with a will's other beneficiaries.

A terminally ill policyholder may on the other hand decide to leave the death benefit in place for their beneficiary.

Call JRC at [phone] and we'll help you determine the most affordable options you could qualify for your age, good health, and the death benefit you'd life to leave your daughter or other beneficiaries.

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.

Often times there are other debts that would be left to a beneficiary, college funding goals that might not be reached, lost income, etc that need to be considered.