Sentences with phrase «other beneficiary who»

The main exception to the preference for a family RESP would be if an RESP is for a stepchild, niece, nephew or other beneficiary who is not related by blood (children or grandchildren).

In such cases, you must report the entire amount on Schedule B of the decedent's return, and then deduct the amount that is being reported by the estate or other beneficiary who actually received the income.

You specify a bequest following the death of certain other beneficiaries who have use of the assets in your estate for their lifetime.

It provides financial benefits to loved ones, businesses or other beneficiaries who might otherwise experience financial hardships from the early or untimely death of the insured person, and it often provides resources that last well beyond the policy holder's lifetime.

However, statements made in a meeting of 15 February suggest that HMRC envisages that not all non-domiciled beneficiaries will benefit from this rethink: it may not, it seems, apply where the trust has other beneficiaries who are both resident and domiciled in the UK.

Not exact matches

The most important and difficult aspect in drafting this type of trust is to make sure that no one who is older than the minor or the other primary beneficiary can ever receive any of the required minimum distributions that have been paid to the trust, but not then subsequently distributed to the minor or the other primary beneficiary for his or her benefit.

Our obligation is even more emphatic if we are the victimizers — or the beneficiaries of past or present victimizing carried out by others — rather than just good Samaritans who tend to the afflicted after the crime has been committed and the perpetrators have fled.

I / WE HEREBY RELEASE, WAIVE, DISCHARGE AND COVENANT NOT TO SUE the CHICAGO SPORT & SOCIAL CLUB, INC. («CSSC») and its affiliates (CSSC and its affiliates are referred to collectively as the «CLUB»), the sufficiency of which consideration is expressly acknowledged, and intending to be legally bound, do hereby, for myself, my heirs, executors, administrators, insurers, assigns, attorneys, representatives, agents, beneficiaries, legatees, representatives, successors, assigns and any other persons who may make claims on my behalf (collectively the «RELEASORS») OR ALL SPORTS SERIES / PARK DISTRICT OF HIGHLAND PARK / WINDY CITY FIELD HOUSE / CHICAGO PARK DISTRICT / FITNESS FORMULA CLUBS (FFC — UNION STATION) / URBANA PARK DISTRICT / MADISON PARKS ORGANIZATION / ABUNDANT LIFE CHRISTIAN SCHOOL / LANSING PARKS / CITY OF BLOOMINGTON / UNIVERSITY OF MICHIGAN / CHICAGO PUBLIC SCHOOLS — LAKE VIEW HIGH SCHOOL / CAMP OJIBWA / AUSTIN PARKS AND RECREATION facilities used by the participant, including its owners, managers, promoters, lessees of premises used to conduct the event or program, premises and event inspectors, underwriters, consultants and others who give recommendations, directions, or instructions to engage in risk evaluation or loss control activities regarding the CHICAGO SPORT & SOCIAL CLUB, INC. («CSSC») and its affiliates (CSSC and its affiliates are referred to collectively as the «CLUB»), the sufficiency of which consideration is expressly acknowledged, and intending to be legally bound, do hereby, for myself, my heirs, executors, administrators, insurers, assigns, attorneys, representatives, agents, beneficiaries, legatees, representatives, successors, assigns and any other persons who may make claims on my behalf (collectively the «RELEASORS») OR ALL SPORTS SERIES / PARK DISTRICT OF HIGHLAND PARK / WINDY CITY FIELD HOUSE / CHICAGO PARK DISTRICT / FITNESS FORMULA CLUBS (FFC — UNION STATION) / URBANA PARK DISTRICT / MADISON PARKS ORGANIZATION / ABUNDANT LIFE CHRISTIAN SCHOOL / LANSING PARKS / CITY OF BLOOMINGTON / UNIVERSITY OF MICHIGAN / CHICAGO PUBLIC SCHOOLS — LAKE VIEW HIGH SCHOOL / CAMP OJIBWA / AUSTIN PARKS AND RECREATION facilities or events held at such facility and each of them, their directors, officers, agents, employees, all for the purposes herein referred to as «Releasee»... FROM ALL LIABILITY TO THE UNDERSIGNED, my / our personal representatives, assigns, executors, heirs and next to kin FOR ANY AND ALL CLAIMS, DEMANDS, LOSSES OR DAMAGES AND ANY CLAIMS OR DEMANDS THEREFORE ON ACCOUNT OF ANY INJURY, INCLUDING BUT NOT LIMITED TO THE DEATH OF THE PARTICIPANT OR DAMAGE TO PROPERTY, ARISING OUT OF OR RELATING TO THE EVENT (S) CAUSED OR ALLEGED TO BE CAUSED IN WHOLE OR IN PART BY THE NEGLIGENCE OF THE RELEASEE OR OTHERWISE.

In consideration of being permitted to participate in any way in the ALL SPORTS SERIES AND CHICAGO SPORT & SOCIAL CLUB, INC. («CSSC») and its affiliates (CSSC and its affiliates are referred to collectively as the «CLUB»), the sufficiency of which consideration is expressly acknowledged, and intending to be legally bound, do hereby, for myself, my heirs, executors, administrators, insurers, assigns, attorneys, representatives, agents, beneficiaries, legatees, representatives, successors, assigns and any other persons who may make claims on my behalf (collectively the «RELEASORS») Program indicated below and / or being permitted to enter for any purpose any restricted area (here in defined as any area where in admittance to the general public is prohibited), the participant and the parent (s) and / or legal guardian (s) of the minor participant named below agree:

(a) There are risks and dangers associated with participation in ALL SPORTS SERIES AND CHICAGO SPORT & SOCIAL CLUB, INC. («CSSC») and its affiliates (CSSC and its affiliates are referred to collectively as the «CLUB»), the sufficiency of which consideration is expressly acknowledged, and intending to be legally bound, do hereby, for myself, my heirs, executors, administrators, insurers, assigns, attorneys, representatives, agents, beneficiaries, legatees, representatives, successors, assigns and any other persons who may make claims on my behalf (collectively the «RELEASORS») events and activities which could result in bodily injury, partial and / or total disability, paralysis and death.

The parent (s) and / or legal guardian (s) will instruct the minor participant that prior to participating in the below ALL SPORTS SERIES AND CHICAGO SPORT & SOCIAL CLUB, INC. («CSSC») and its affiliates (CSSC and its affiliates are referred to collectively as the «CLUB»), the sufficiency of which consideration is expressly acknowledged, and intending to be legally bound, do hereby, for myself, my heirs, executors, administrators, insurers, assigns, attorneys, representatives, agents, beneficiaries, legatees, representatives, successors, assigns and any other persons who may make claims on my behalf (collectively the «RELEASORS»), activity or event, he or she should inspect the facilities and equipment to be used, and if he or she believes anything is unsafe, the participant should immediately advise the officials of such condition and refuse to participate.

Hon. Otuteye urged the beneficiaries to make good use of the cash grants they would receive and if possible support others who were yet to be captured on the LEAP program.

And because of the multi-state nature of the authority, it also means that drivers from other states who possess an E-ZPass will be the beneficiaries of the three - trip discount.

According to a press statement on Saturday by Director of Media, Ooni's Palace, Comrade Moses Olafare who spoke on behalf of the planning committee, the Ooni Annual International Leadership Symposium is designed to hold annually in commemoration of the Ooni's birthday with view to providing the youths and other beneficiaries of his numerous empowerment schemes to showcase their success stories.

Of course you also have the beneficiaries like Jonathan and others who might feel threatened if there is a serious war on corruption.

There will always be a desire and a need for excess, and we are all beneficiaries of the search for ways to indulge those who seek to have more than others.

You can set up multiple accounts for different beneficiaries including yourself and others who are not your children.

First, to answer your question about whether there are circumstances that will require an insurance company to disclose who the other beneficiary is — I have not seen that happen before.

Today, many people who are doctors, engineers, accountants, lawyers and many other professionals are direct beneficiaries of student loans

On the other hand a life insurance allows you to make any relative of yours the beneficiary who can acquire the money and use it to pay off the mortgage debt and get any other issues in order as well.

Liberal wonks, on the other hand, have claimed it's actually a paternalistic program at odds with the traditional Republican desire for less - intrusive government, since it relies on providers who make decisions for beneficiaries.

Beneficiaries: the individuals or entities who will receive benefits from the trust, beneficiaries sometimes include the grantor and sometimes oBeneficiaries: the individuals or entities who will receive benefits from the trust, beneficiaries sometimes include the grantor and sometimes obeneficiaries sometimes include the grantor and sometimes other parties.

(iii) an application made by the beneficiaries who make claims adverse to other beneficiaries.

The application claimed that the Labourers» policy against dual union membership was a mere pretext, passed in order to give two of the trustees of the Local 1059 Benefit Trust, Jim MacKinnon (who is also the business manager of Local 1059) and Brandon MacKinnon (who is also the President of Local 1059) the ability to «confiscate» Garcia's «dollar bank» credits and divert them to the benefit of other beneficiaries.

(3) An application made by the beneficiaries who make claims adverse to other beneficiaries.

You may want to make CLSMF the beneficiary of some or all of your life insurance policy if you have grown children and other loved ones who are provided for in other ways in your estate plan.

«A trust is the relationship which arises whenever a person (called the trustee) is compelled in equity to hold property, whether real or personal, and whether by legal or equitable title, for the benefit of some persons (of whom he may be one, and who are termed beneficiaries) or for some object permitted by law, in such a way that the real benefit of the property accrues, not to the trustees, but to the beneficiaries or other objects of the trust.»

In deciding that the plaintiff was both foreseeable and proximate to the defendants, Handrigan J. cited two other wills cases: Wilhelm v. Hickson and White v. Jones for the general principle that disappointed beneficiaries, even if unknown personally to a party who drafts a will, are sufficiently proximate to the will drafter to be able to succeed in negligence against the will drafter in certain circumstances (Wilhelm was a case about misidentification of the owner of property; White was about undue delay in execution).

My understanding is that when a fiduciary is mandated to manage another person's affairs, during a period when the would - be beneficiary is indisposed, ill - disposed, unable to tend to his own affairs because of other obligations, e.g., cabinet ministers, or absent on a long cruise, it is the fiduciary who has the obligation to provide a full, accurate and honest accounting to the beneficiary upon his return.

One of the most common tasks for any private client solicitor is to advise a testator who wishes to provide for: (i) his wife or partner; and (ii) his children, or other beneficiaries.

The proceeds of such policies provide immediate tax free liquidity to the beneficiaries who can use the proceeds to pay federal and state estate taxes or other expenses.

In other words, the beneficiary is the one who has obtained the money through a life insurance policy, not the former owner of the estate.

Basically several states have sued large insurance carriers and AIG, Prudential, Nationwide and several others have agreed to settle claims that they haven't done all they could to locate beneficiaries who haven't claimed life insurance death benefits.

Some people who buy final expense life insurance will name a funeral home or other related service provider as the beneficiary of their policy.

The Uniform Simultaneous Death Act — Enacted in 1940 this act allows a court to decide which individual outlived the other in the event that the insured and primary beneficiary died in the same accident and no proof exists of who lived longer.

Based on who is actually around — a spouse, children, other relatives — the state will methodically move through your family tree until they find a suitable beneficiary.

In other states, no matter who you name as the beneficiary, your spouse has a right to half the benefit and can sue to receive it.

First, to answer your question about whether there are circumstances that will require an insurance company to disclose who the other beneficiary is — I have not seen that happen before.

In settlements with states, a slew of major insurance companies agreed to use Death Master and other databases to look for life insurance policyholders who have died and then make concerted efforts to locate beneficiaries.

«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.

If the insured dies during this period, the insurance companies provide an accumulated amount to the beneficiaries who can utilize the same to pay for funeral - related expenses and pending mortgage or other debts.

Surviving spouses who would have to take on the financial burden of paying mortgages, car or school loans and other costs may be included as beneficiaries.

In other words, if your will states «I want my life insurance death benefit to go to my daughter» but your life insurance policy is outdated and names an ex-spouse as the beneficiary — guess who is getting that money?

Therefore, the policy beneficiary on these types of plans are often someone who is close to the insured such as a son or daughter, a niece or nephew, or other close friend or family member.

Split dollar insurance: An arrangement between two people (often an employer and an employee) where life insurance is written on the life of one who also names the beneficiary of the net death benefits (death benefits less cash value), and the other is assigned the cash value (or equivalent amount of death benefits), with both sharing the premium payments (usually the noninsured paying a portion equal to the increase in cash value each year and the insured paying the balance of the annual premium).

Therefore, having a secondary beneficiary who can step in will ensure you that someone will still be there who can take over the duties of paying your final expenses and overseeing to the other essential needs.

If you or your spouse are insured and die, a payout is disbursed to the beneficiary, who is generally your spouse or a secondary beneficiary, should you and your significant other die together.

Naming a contingent beneficiary is beneficial because according to the Uniform Simultaneous Death Act, when a policyholder and beneficiary who die within a short time period of each other, it will be presumed that the beneficiary died first.

If you should die, the term mortgage insurance policy will pay a death benefit to your beneficiary (spouse) who can use the money to pay off the home mortgage, and for any other purpose, such as, replacing your income and paying for living expenses.

This type of policy does not provide benefits to beneficiaries the way other policies do, but instead pays directly to a funeral director who handles your funeral and other final expenses.