Re Tomlinson Estate 2016 BCSC 1223 dealt with a nephew contesting his aunt's will when he was neither
a named beneficiary under the will or an intestate heir had his claim dismissed for lack of standing.
Alternatively, the employer may own and pay for the policy but permit the employee to
name the beneficiary under the policy for a portion of the death benefit.
Not exact matches
Under the third option, you can elect to treat the IRA as your own IRA by rolling the money over to an existing IRA in your
name or by re-titling the IRA to show you as the account owner (rather than the account
beneficiary).
form of joint ownership of an asset in which ownership can be unequal and one owner's interest can be sold, mortgaged, or willed without the consent of the remaining owner (s); there is no ability to
name a
beneficiary, so interest in these assets will always fall
under the deceased owner's will
The death benefit payment is made tax - free
under Canadian law, to a
named beneficiary resident in Canada.
Life Insurance Trust: A type of life insurance policy where a trust company is
named as the
beneficiary and distributes the proceeds of the policy
under the terms of the trust agreement.
«Guaranteed 48 hours Fund Value release» means release of the cheque on intimation of death of Life Insured towards the Fund Value accrued
under your policy, in the
beneficiary's
name within 48 hours and does not in any way indicate acceptance of any other policy liability.
If they're minors (
under age 18), you should probably establish grantor trusts for each of them and
name the trusts as the
beneficiaries.
Under IRS rules, your inherited IRA becomes immediately taxable if the
name on the account is changed to the
beneficiary's
name.
Depending on the bank's policy, the
beneficiary may be able to maintain the CD
under his or her
name.
When a spouse dies, the property might pass to the surviving spouse (if it is titled in joint
names), by
beneficiary designation, by will or trust instrument, or
under the laws of intestate succession (for those who do not have a will) or statutory share (for spouses who have been cut out of the will).
Comment: One comment contended that the proposed regulation's requirement mandating covered entities to
name the subjects of protected health information disclosed
under a business partner contract as third party intended
beneficiaries under the contract would have created an impermissible right of action against the government
under the Federal Tort Claims Act («FTCA»).
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»).
The
Beneficiary of the term life insurance policy is currently listed
under Sally's
name.
The death benefit payment is made tax - free
under Canadian law, to a
named beneficiary resident in Canada.
Level Term Rider Proceeds of this rider are payable to the
beneficiary upon receiving proof that the person
named as Covered Insured died while his or her coverage
under this rider was in effect.
Most visitors insurance plans don't want a minor — that is, a person
under the age of 18 —
named as the
beneficiary of any insurance policy.
Instead, you should set up a trust to benefit the child and
name the trust as the
beneficiary of the policy, or
name an adult custodian for the life insurance proceeds
under the Uniform Transfers to Minor Act (UTMA).
Instead, it's best to set - up a trust to benefit the child and
name the trust as the
beneficiary of the policy, or
name an adult custodian for the life insurance proceeds
under the Uniform Transfers to Minor Act.
Under a traditional term life policy, you get to
name a
beneficiary.
«Life and disability insurance analyst» means a person who, for a fee or compensation of any kind, paid by or derived from any person or source other than an insurer, advises, purports to advise, or offers to advise any person insured
under,
named as
beneficiary of, or having any interest in, a life or disability insurance contract, in any manner concerning that contract or his or her rights in respect thereto.
Under current Federal law, the benefits are not subject to Federal tax if paid to a
named beneficiary.
You may deduct life insurance premiums covering your officers and employees if you aren't directly or indirectly
named as a
beneficiary under the contract.
«Guaranteed 48 hours Fund Value release» means release of the cheque on intimation of death of Life Insured towards the Fund Value accrued
under your policy, in the
beneficiary's
name within 48 hours and does not in any way indicate acceptance of any other policy liability.
If the whole family is covered
under a single primary policy, then the
named beneficiaries could only be changed and ultimately decided by the primary policy holder.
However, the reason your wife can not collect from those types of policies is because, except
under certain circumstances, she is not
named as a
beneficiary in those particular policies.
Then I found these statements also
under the same section and eludes to the change in
beneficiary of insurance, to which the borrower and lender are both
named.
So if you are holding the properties in a trust whose
beneficiary is the LLC, you should transfer those
beneficiary rights and close the sale
under your personal
name.
Notes incorrectly drafted with your
name as the
beneficiary or owner can not be corrected after the close of the transaction and generally will be treated as boot and taxed as an installment sale note
under Section 453 of the Internal Revenue Code.
Assets held in retirement plans, such as a 401 (k) or an IRA, are transferred to whomever you have
named as
beneficiary in the plan documents — no matter who the
beneficiaries under your will may be.