Sentences with phrase «of account owner»

Under Section 529A, following the death of the account owner, any state may file a claim against the account owner or the account itself for the amount of the total medical assistance paid for the account owner under the state's Medicaid plan after the establishment of the account (or any ABLE account from which amounts were rolled or transferred to the current account).

From a Joint Tenant Account to an Individual Account because of the death of an account owner, divorce or other situation

And assets contributed to a 529 plan are not considered part of the account owner's estate, therefore avoiding estate taxes upon the owner's death.

The age of the account owner at death also could influence a surviving spouse's decision.

Distributions for Qualified Expenses When distributions from an HSA are used to pay for qualified medical expenses of the account owner, his or her spouse, or dependents, the distributions are excluded from gross income — even if the individual is not currently eligible to make HSA contributions and / or does not itemize his deductions on his federal income taxes.

No additional contributions may be made for the benefit of an account owner when the fair market value of the account exceeds the account balance limit listed of $ 370,000.

Moreover, no additional contributions may be made for the benefit of an account owner when the fair market value of the account exceeds $ 400,000.

No additional contributions may be made for the benefit of an account owner when the fair market value of the account exceeds the account balance limit of $ 400,000.

The amount of FDIC insurance provided to an account owner is based on the total of (1) the value of an account owner's investment in the FDIC - insured accounts at each Bank, plus (2) the value of other accounts (if any) owned by the account owner and held at each Bank, as determined by the Banks and FDIC regulations.

An arrangement by which the owner of the account gives written power of attorney to someone else, usually the broker or a Commodity Trading Advisor, to buy and sell without prior approval of the account owner.

With a direct rollover, a distribution check is made payable to the new trustee / custodian, for the benefit of the account owner.

An investor can leave money in their account without taking withdrawals for as long as they live since Roth IRAs do not require withdrawals until after the death of the account owner.

The amount of FDIC insurance provided to an account owner is based on the total of (1) the value of an account owner's investment in the FDIC - insured accounts at each Bank, plus (2) the value of other accounts owned by the account owner (if any) and held at each Bank, as determined by the Banks and by FDIC regulations.

Generally, money held in an account is not considered part of the account owner's estate, even though the account owner remains in control of the money.

Because there are a number of ways that a client could be paying for account management, the details of what happens following the unfortunate passing of an account owner are too numerous to include in this FAQ.

Once the form is received, the beneficiary will receive a right of survivorship in the event of the account owner's death if no survivor is designated on the account or if a designated survivor predeceases the account owner.

Account Owners must be Kansas Residents and the total 2017 Federal Adjusted Gross Income for all members of the account owner's household must be less then the amounts listed in the chart below.

For contracts established prior to February 1, 2009, the Account Owner and Survivor may elect to subject any future requests for changes of Account Owner, Survivor or Beneficiary, requests for voluntary termination and requests for refunds associated with the involuntary termination to require the approval of both the Account Owner and the Survivor.

Reinstatement Privilege If all or a part of an Account Owner's Class A Units in the Advisor Plan are redeemed in connection with a withdrawal or transfer, and the Account Owner purchased the Class A Units subject to an Initial Sales Charge or paid a CDSC on their redemption, the Account Owner may reinvest an amount equal to all or a portion of the redemption proceeds in Class A Units of the same Investment Portfolio or any other Investment Portfolio at the Net Unit Value, without the imposition of an Initial Sales Charge, next determined after receipt in good order of the contribution, provided that such reinvestment is made within one year of the withdrawal or transfer.

The amount of FDIC insurance provided to an account owner is based on the total of (1) the value of an account owner's investment in the FDIC - insured account at each Bank plus (2) the value of other accounts held (if any) at each Bank, as determined by the Banks and by FDIC regulations.

In certain circumstances, such as the death or incompetence of an account owner, we may waive the early withdrawal penalty.

All contributions become the property of the Account Owner regardless of who makes the contribution and the gift will be invested according to the Account Owner's instructions.

Please note that RMD rules in the event of account owner death are different from RMD rules when the account owner turns 701/2.

After the death of the account owner, the beneficiary can close the account and withdraw the remaining funds.

All contributions become the property of the Account Owner regardless of who makes the contribution and the gift will be invested according to the Account Owner's instructions.

This is the primary reasons why brokers insist that their clients provide the proper identification forms before the withdrawal is completed so that they can truly establish the identity of the account owner.

While the majority of account owners hope for a retirement fortune from the sidelines, self - directed account owners are building a financial legacy investing in what they know.

Each account owner also will need to sign a signature card, which is a document the bank keeps on file to identify the signature of account owners.

If one of the account owners dies, the other account owner (s) still has access to the funds.

Many of our Account Owners have family and friends (non-account owners) who have expressed a desire to contribute to their loved ones» Franklin Templeton 529 accounts1.

Also, this means that when one of the account owners dies, sole ownership will be transferred to the remaining account owner without having to go through probate.

Nearly half of our account owners enroll in an ongoing process for contributing to their accounts — it's simple, and they know they're adding to their potential savings effort and stress free.

G.R. Strathy J. approved a Norwich order against Bell Canada Enterprises and Rogers Communications Inc. to disclose the identity of the account owners.

So far, only four exchanges (Bithumb, Upbit, Coinone, and Korbit) have begun to use the new system for registration of the real names of account owners.

Not exact matches

There are upsides: It's less complicated when an owner doesn't have a lot of accounts to juggle.

Business owners who already have accounts with Google can open a Google + account and start taking advantage of these benefits.

In fact, a lot of business owners think credit card and checking account statements qualify as financial statements.

Accounting technology has come on leaps and bounds in recent years, and using this sophisticated software business owners and managers can automate and balance their books without delving into the complicated world of aAccounting technology has come on leaps and bounds in recent years, and using this sophisticated software business owners and managers can automate and balance their books without delving into the complicated world of accountingaccounting.

But whilst bigger companies have legions of finance experts behind them, smaller business owners can often find themselves dealing with accounting responsibilities all by themselves.

He said he understood that many business owners were prevented from fully participating in the economy because of the expense associated with setting up merchant accounts to accept credit cards.

Since 1995, American vehicle owners have gone to the trouble of filing at least 859 official accounts with the safety agency, with 71 percent of those incidents occurring since 2011.

Sage, creator of a business management and accounting software suite with headquarters in Atlanta, held their Sage Summit at the Georgia World Congress Center to a packed crowd of business owners, partners and accountants.

The great disappointment of the last half century has been the account owner's unwitting surrender of personal responsibility for retirement to someone else, anyone else, surrendered with the hope that the elective someone else cares more about their money than they do.

Business accounting can be one of the most daunting tasks a business owner will face.

Once you have registered in an amnesty program, all sales tax issues your company faces in the future will be under state scrutiny, says Paul N. Gada, senior small - business tax analyst with CCH Business Owner's Toolkit, a division of CCH Tax and Accounting in Riverwoods, Illinois.

As the owner of a national merchant account brokerage, I'm going to let you in on my top tips to help you save an average of 30 percent in 30 minutes or less!

Interestingly, Michalowicz said that accounting may be viewed as an indicator of a business owner's decision - making acumen — or lack thereof.

I asked Sammy Kaufman and Daniel Greenberg, owners of the account @themostfamousmemes how they are building and maintaining engagement on such a large account at 6.3 million followers.

You can also make use of «power likes» — likes from much larger accounts — if you build a solid relationship with the account owners of pages with a million or more Instagram followers.

The basic rule of accounting states that net assets are the sum of liabilities and owner's equity.