Sentences with phrase «of irrevocable»

What if your seller demanded you (the brokerage) not release the deposit in spite of the irrevocable instruction?

Firstly, they must «redeem digital tokens at a nominal price from any bearer of a digital token on the basis of an irrevocable public offer,» the news outlet described.

The insured can never amend his insurance policy without the consent of his irrevocable beneficiary because this act would lessen or diminish what is due to the irrevocable beneficiary and thus considering that this is a diminution... consent of the IR beneficiary is necessary.

Other strategies include the use of irrevocable life insurance trusts, and giving the cash benefit to your heirs as a gift while you are still alive if the amount you will be giving is less than a million dollars.

Where high net worth households tend to separate from the pack, in terms of estate planning households, is the use of irrevocable trusts with a much greater emphasis on asset protection and federal estate tax planning.

Irrevocable life insurance trusts are a type of irrevocable trust.

Estate Preservation Rider — If the estate planner has opted to issue the policy outside of an irrevocable life insurance trust (ILIT), federal law requires the policy to be in the ILIT for three years or the transfer to the ILIT is void.

You can not be the trustee of your irrevocable trust.

The owner is usually the purchaser of the annuity and has all the rights under the contract, subject to the rights of any irrevocable beneficiary.

There are numerous ways to use life insurance to help pay for estate planning but the use of an Irrevocable Life Insurance Trust (ILIT) is a place to start.

Examples of the types of irrevocable trusts that may be used are irrevocable life insurance trusts (ILIT), charitable trusts or other domestic and offshore asset protection trusts.

Generational or «dynasty» planning is about reserving a nest egg for future generations and this is often accomplished through the use of an irrevocable life insurance trust (ILIT).

Third, it makes sense when you're holding the policies inside of an irrevocable trust to support the lifestyle of a special needs dependent or maintain your own Medicaid eligibility.

Had she used a combination of irrevocable trusts and cash value insurance to shelter $ 500,001 of her estate's value, her net worth would have remained the same, she could have accessed her investments through sheltered withdraws from her life insurance policies, and her estate would have been immune to the estate tax.

A common way to do this is through the use of an Irrevocable Life Insurance Trust (ILIT) that transfers policy ownership to a trustee who manages asset distribution after the insured's passing.

This could cause some serious consequences to the validity of the irrevocable life insurance trust.

The trustee of an irrevocable trust asked me to provide guidance on what to do with a no - lapse universal life policy.

The setting up of an irrevocable life insurance trust can be somewhat complex.

There are many different types of life insurance policies available to be used as part of an irrevocable life insurance trust.

Future inheritance is not guaranteed unless it is set up into some sort of irrevocable trust.

The letter of the law needs to be correct, especially when life insurance policies or their proceeds are held inside of irrevocable trusts.

* The above trust and tax information is for information purposes only and is provided to explain the general basics of irrevocable life insurance trusts and using life insurance to pay estate taxes.

Through post-judgment proceedings, plaintiff learned one of the individual defendants was trustee of an irrevocable family trust whose sole asset was four pieces of real estate formerly owned by the defendant's father.

A deliberate or fixed and final intention is not the equivalent of an irrevocable intention, given that a will, by its nature, is revocable until the death of its maker.

It may be that where there is doubt about the offeror's financial stability, the offeree will look to the offeror to pay money over to his solicitor before acceptance to be the subject of an irrevocable undertaking.

If that sounds like having to jump in the deep water before we're sure we can swim it still looks better than the absolute certainty of irrevocable global climate disaster that delaying our commitment and keeping on as we are.

Flatten out after what degree of irrevocable damage to the planet and the millions of other species who depend on healthy biodiversity?

Martin Wong's compassionately rendered 1985 painting of a closed Avenue B storefront depicts a casualty of irrevocable gentrification.

There are two types of irrevocable trusts which you might want to consider to benefit the Portland Museum of Art.

Much like a jilted boyfriend telling all his friends that his ex-chick is nuts, Infogrames released a statement after being shot down by SCi, «Infogrames» proposal is financially disciplined and recognises the strengths of both companies,» they explained, «Although the indicative offer is subject to standard conditions relating to due diligence, the receipt of irrevocable undertakings from certain SCi shareholders and the recommendation of the SCi Board, it is not subject to financing.»

Where high net worth households tend to separate from the pack, in terms of estate planning households, is the use of irrevocable trusts with a much greater emphasis on asset protection and federal estate tax planning.

Generational or «dynasty» planning is about reserving a nest egg for future generations and this is often accomplished through the use of an irrevocable life insurance trust (ILIT).

A credit services organization that obtains an irrevocable letter of credit under this subsection must file a copy of the irrevocable letter of credit with the attorney general before doing business in Indiana.

This new interpretation seriously harms borrowers who have made career, financial, and life choices — many of them irrevocable — in reliance on the availability of loan forgiveness and the Department's prior certifications of eligibility.

Wayne - not to split hairs, but there are some variations of irrevocable where you give up the principal, but retain a right to the earnings.

Charitable trusts are a specific type of irrevocable split interest trust, because a portion the income is paid to charity and / or the grantor and the remainder is designated to pass either to the charity of beneficiaries.

Examples of the types of irrevocable trusts that may be used are irrevocable life insurance trusts (ILIT), charitable trusts or other domestic and offshore asset protection trusts.

Can you change the beneficiary of an irrevocable life insurance trust?

Estate Preservation Rider — If the estate planner has opted to issue the policy outside of an irrevocable life insurance trust (ILIT), federal law requires the policy to be in the ILIT for three years or the transfer to the ILIT is void.

In certain cases, such as the establishment of an irrevocable life insurance trust or charitable remainder trust, the designation of a beneficiary, in this case, the charity, must be irrevocable.

Irrevocable life insurance trusts are a type of irrevocable trust.

Third, another potential negative of an irrevocable life insurance trust is the ILIT might not be legitimized.

There are different types of irrevocable trusts.

Benefits of an irrevocable living trust include:

A dazzling first novel, a portrait of an American family on the cusp of irrevocable change, and a startlingly original story of love and time lost.

Set mostly in 1962 at an inn in seaside Dorset, where graduate student Edward and violinist Florence, barely in their twenties, have come for their honeymoon, McEwan's book sketches the fear and loathing the two experience around sexual consummation, each of them carrying enough specific emotional baggage and general social repression to turn their wedding night into a site of irrevocable trauma.

While this process is a natural part of the life cycle of an ice shelf, there is concern that when it occurs, it could usher in a period of irrevocable retreat and possibly lead to the ice shelf's demise and further contributions to global sea level rise.

It's as if they have equated the diagnosis of concussion with doom and a sentence of irrevocable brain damage.»

In other words, to believe in Jesus is to believe that He is the Guarantor of irrevocable eternal life to the believer in Him for it.

Moses, nothing daunted in his effort to evade responsibility, or at least to delay the hour of irrevocable decision, comes back with a third objection (4:1 - 9).