Sentences with phrase «named beneficiaries»

Structure a portfolio of assets that may help protect the confidentiality of your named beneficiaries and keep your estate as a private family matter

Those will go to the named beneficiaries and aren't part of the probate process.

Per stirpes rule — Death proceeds from an insurance policy are divided equally among the named beneficiaries.

The policy owner is responsible to pay the premiums, and in exchange, the insurance company promises to pay the death benefit to the named beneficiaries.

The policy owner names one or more beneficiaries; the insurance company pays the named beneficiaries according to the most current beneficiary designations.

Upon your death, the proceeds of your policy will be paid to the named beneficiaries that are listed on your contract.

The Trustee, on behalf of the trust, then writes a check to the Federal Government for the balance of the estate tax due and the remaining estate assets pass to the named beneficiaries in tact.

For instance, if three sons, all with families, are named beneficiaries on a per capita basis, and one dies, the deceased son's family receives no proceeds.

With the accidental death benefit rider, should the insured die due to a qualifying accident, his or her named beneficiaries would receive an additional amount of death benefit.

The remaining balance is then directed to any other named beneficiaries.

One alternative to a will would be a revocable trust with named beneficiaries.

Entitlement to the NRB legacy may be in fixed proportions or the subject of a discretionary trust for named beneficiaries.

Property held within the trust will be used for the sole benefit of the named beneficiaries.

If you have a will, living trust, life insurance policies, and other assets with named beneficiaries, it is important that you seek the advice of a lawyer as soon as possible to determine the effect a divorce may have on your estate planning.

Your executor will file with the local probate court to commence the probate process, and will have to provide the court with the validity of your will, in addition to a list of your property, assets, debts, and named beneficiaries.

Revocable Trust: A cancelable arrangement created by a person («Grantor»), whereby the Grantor transfers property to a trustee to be held for the benefit of the Grantor while alive, then distributed to named beneficiaries.

Joint living trust: A cancelable arrangement created by a married couple («Grantors»), whereby the Grantors transfer property to a trustee to be held for the benefit of the Grantors while alive, then distributed to named beneficiaries.

The insured party usually has the option of changing named beneficiaries.

If you don't use or need them, then they pass to your named beneficiaries.

If you pass away before your income stream has begun, the accumulated value would go to your named beneficiaries.

Include living trusts, life insurance policies with named beneficiaries and investment accounts that transferred on death, as non-probate assets.

If the policyholder dies during the policy term, the death benefit, a tax - free lump sum of money, is paid out to named beneficiaries.

Retirement accounts and life insurance need named beneficiaries.

In addition, seg funds are paid out directly to the named beneficiaries after your death, bypassing probate.

In particular, these policies can help pay for estate taxes if the death benefit is paid directly to the named beneficiaries.

Finally, upon the death of the employee, the death benefit would go to the employee's named beneficiaries.

Life insurance provides a tax - free cash payment to your named beneficiaries (such as your spouse or children) upon your death.

If the policy is in force at the time of death, the employee's named beneficiaries will receive the death benefit, minus any outstanding loans, free of income tax.

Owned by two or more living people with equal withdrawal rights, signatures on the account, and no named beneficiaries

If the policyholder dies within the term of the policy — and the policyholder has paid the premiums and the policy is in good standing — the insurance provider will pay a death benefit to policy's named beneficiaries.

Also, when life events change, such as getting a divorce, remember to update your named beneficiaries.

Life insurance policies grow tax deferred, but in contrast to an annuity, the proceeds are payable income tax free to the named beneficiaries.

One of the main advantages of life insurance benefits is that they are usually paid to named beneficiaries quickly, usually within 60 days of a claim, and do not have to wait to go through probate court with the rest of your legacy assets.

Cash refund options are also available to insure that all monies, plus interest, are returned to named beneficiaries in the event of an early death.

A life insurance policy is a contract between you and an insurance company that provides your named beneficiaries with a death benefit payout upon your death (if your policy is in good standing).

With a term life insurance policy, your named beneficiaries receive a payment if your policy is still in force when you die.

In summary, almost all annuity investment accounts are setup to pay the entire account balance to the named beneficiaries.

The Facts: Fixed indexed annuities allow you to pass your account balance to your named beneficiaries after you pass away.

Have funds available to help pay for your final expenses, potentially passing remaining value to your estate or named beneficiaries

If your grandmother has also passed and there are no other named beneficiaries, then the death benefit will be paid to your uncle's estate.

This limitation applies regardless of the existence of any named beneficiaries.

If you die while your policy is in force, your named beneficiaries will receive the policy's death benefit.

My FI will not permit any payments from the RESP — we were seeking an EAP for one of the named beneficiaries school this -LSB-...]

Term life insurance is designed to provide death benefits to the named beneficiaries of the policyholder.

The contingent bequest provides for family and friends and will benefit the hospital only if the named beneficiaries predecease you.

* The potential legal complications that can arise when minors are named beneficiaries.

See this month's ESOP Report to read about a new pro-ESOP bill, learn how to educate employees on the rights and responsibilities of being an owner, understand the issues when minors are named beneficiaries, see the list of nominees to the Board of Governors, and more.

«Naming a beneficiary is very important.

Clients who don't name beneficiaries can lose much of the planning flexibility around these accounts, so it's important to make sure each separate IRA, 401 (k), 403 (b) or 457 account has a designated beneficiary.

Your spouse could roll the money over into a new IRA and name a beneficiary of his or her own, who would also be subject to the required minimum distribution rule.