Sentences with phrase «not need the beneficiary»

SWIFT does not need the Beneficiary Account Currency.

Not exact matches

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.

Building on this, a large portion of these income - driven beneficiaries do not actually need the benefits of such a plan.

«They don't need to be related,» says Nelligan, noting that most plans let participants change beneficiaries for any reason.

Contributions can not be greater than the amount needed to pay the qualified education expenses for the designated beneficiary.

Unlike married beneficiaries, the ex-spouse doesn't need to have applied for benefits, but the ex - spouse must be eligible for benefits, which means he or she must be at least age 62.

Just like Arsenal the Spanish La Liga champions needed to overturn a four goal deficit from the first leg but unlike us they managed it and broke a Champions League record into the bargain, but unlike us they were the beneficiaries of the decisions of the referee and you have to then wonder what might have happened at the Emirates on Tuesday if Arsenal had not been on the wrong end of the big calls.

You do not need to look far to find the beneficiaries of this proud tradition.

Over the past week I've heard the following arguments - they want to lift the poor out of tax, actually the main beneficiaries of this policy won't be the poor because they don't pay tax, but will instead be the middle class, anyway, on a point of principle we need to simplify the tax system, and we need to cut public services by # 80 billion per year, or maybe we don't.

«We may need to write Mr. President to review his position; if not, we have the power on behalf of the Nigerian youths who voted us to veto him so that people will become the ultimate beneficiaries of this bill.

«The poorest children are already eligible for free school meals — the main beneficiaries of this new universal benefit will be middle and upper - income households, who really don't need a public subsidy.»

This might be somewhat of an outdated view in today's world but when compared to the past women are in most cases in places where they do not need to assume the mere role of provided for, lifestyle changes in way of life over recent years have allowed women to become really self - reliant, what remains though is a substantial lots of women that are content to be taken care of with regard to the bargain for their companionship, either it is only self - serving or as the beneficiary of earned money for their future loved ones based completely on the individual.

When Larry, a widower, learns he can not name his children as beneficiaries on his life insurance policy, he needs a big favor from Chuck: Sign on as Larry's domestic partner.

Chuck owes Larry the biggest of favors, which Larry decides to cash in when he needs to get married in a hurry to prevent his children from falling victim to a loophole that would see them left with nothing should they need beneficiaries for his life insurance, since they won't have a parent or guardian for it to be left to.

Such schools educate mainly low - income students, which renders socioeconomic disparities less salient... Because students and teachers need not constantly confront inequalities that are the product of large social forces, the embrace of active acculturation can proceed without apology to beneficiaries or benefactors.

Because students and teachers need not constantly confront inequalities that are the product of larger social forces, the embrace of active acculturation can proceed without apology to beneficiaries or benefactors.

Of course, if you don't buy enough life insurance, you could end up leaving a payout to your beneficiary that is insufficient for what is needed to replace your income.

In fact, the final required minimum distribution (RMD) regulations state, «A designated beneficiary need not be specified by name in the plan... in order to be a designated beneficiary so long as the individual who is to be the beneficiary is identifiable...» [Treas. Reg.

529 Plans have no age or income restrictions for contributions or withdrawals, and the only limit on contribution amounts is that the total contributions may not be greater than the amount needed to pay the beneficiary's qualified education expenses.

Contributions can not be made after a child turns 18 (except in the case of a Special Needs Beneficiary).

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.

Allowing the cash value to continue to accumulate until your passing, and bequeathing it to one or more beneficiaries if you do not need it for retirement expenses.

In that case, while these 529 savings are not reported as a student asset on the Free Application for Federal Student Aid (FAFSA), any distribution from this 529 plan is reported as income to the beneficiary, potentially resulting in a significant reduction in eligibility for need - based aid the following year.

Remember that if you name your spouse as your beneficiary and you divorce, you'll need to update your beneficiary information if you don't want your ex to inherit your IRA.

If the student beneficiary named on the plan doesn't need the money, it can be transferred to an eligible family member of the student, like a sibling, child, parent or spouse.

You don't need to be related to the student you name as the beneficiary of a 529 plan you open.

Not only is it important to make sure you have adequate coverage, but also to make sure you have your beneficiary designation updated if needed.

Alternatively, if you do not need the chronic illness benefit, your beneficiary receives the life insurance death benefit.

While life insurance is one financial product that needs a beneficiary review, don't forget to also review the beneficiary designations if you own any of the following financial products:

Our financial advisor says that we do not need a trust because we have named both of our grown children as beneficiaries on all of our accounts and on the deed to our house.

You are not required to take RMDs from a Roth IRA during your lifetime; however, beneficiaries will need to take an RMD after your death.

John has now completed the first two steps in the stretch IRA process: not using IRA money he doesn't need and naming primary and contingent beneficiaries for his account.

The company needs to ensure that if you die, your total coverage amount doesn't exceed your beneficiary's economic loss.

Not only would this help to reduce the tax liability to the trust, it may also benefit income beneficiaries who may need the income.

If your intended beneficiary is a long - term dependent, such as a family member with special needs, you will likely want to set up a trust for them as well, even if they're not a minor.

When you finish writing your will you need to sign and date it and get two people over 18 who aren't your beneficiaries to also sign it.

Pension plans, life insurance proceeds, 401k plans, health or medical savings accounts, and individual retirement accounts (IRA) that have designated beneficiaries will not need to be probated.

Contributions can't exceed the amount needed to pay for the beneficiary's education.

You choose the beneficiary on your own — you don't need permission from the insurer or the beneficiary.

Building on this, a large portion of these income - driven beneficiaries do not actually need the benefits of such a plan.

A whole life policy will not only ensure your beneficiaries will have the necessary funds for your final expenses, but this policy also builds a cash value that you can borrow or withdraw from should you need it (however, there are caveats to this such as paying interest.)

As per RBI's guidelines, the nominees in the case of bank accounts, mutual funds and other investments also need not be the automatic, sole beneficiaries.

This age limitation doesn't apply if the new beneficiary is a special needs beneficiary.

Whether you need to apply for probate or not, Spike, before you distribute an estate among beneficiaries, you should determine the tax implications of your loved one's death.

If the designated beneficiary doesn't need the money, it can be transferred to a sibling, cousin, grandchild, or other relative — even to yourself.

What makes these an attractive option over traditional LTC is they provide monies to beneficiaries if the LTC benefits are not needed and even an option for full return of premium at the end of the surrender period.

«Disclaim» IRA assets if you don't need them If you are the primary beneficiary of an IRA and your child is the contingent beneficiary, you may be able to disclaim your right to the IRA proceeds.

You want to make sure your death benefit covers all your beneficiaries» needs when you're not around.

The Account Owner does not need to be related to the Beneficiary.

This may be appropriate if you do not need the funds and prefer that they pass to another beneficiary with greater needs or who would be subject to lower RMDs, allowing more time for the funds to grow.