Sentences with phrase «own successor beneficiaries»

By splitting the inherited account, each beneficiary can also name her own successor beneficiaries.

This language also generally allows for successor beneficiaries to be named, facilitating the further tax - deferred growth of the IRA over (possibly) more than one generation.

Nonspouse beneficiaries, as well as a spouse who does not treat an inherited IRA as his or her own, can not contribute to the IRA and can only name «successor beneficiaries.»

• You can name the Petfinder Foundation a successor beneficiary in case of the death of the primary beneficiary (ies) named in the policy.

If the primary beneficiary is not alive when the insured dies, the policy will then pay the death benefit to the successor beneficiary.

Naming a successor beneficiary can prevent delays with the insurance death benefit in case both the insured and the primary beneficiary die at the same time.

Not exact matches

There you have it: the elders offering final counsel to the successor generation, the beneficiaries of the greatest educational system in the world, the bearers of civilization's legacy across new frontiers of human aspiration and achievement.

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.

But the original subscriber can not compel the successor subscriber to preserve the RESP for the benefit of its beneficiaries.

It may be intended for the beneficiary or beneficiaries of the plan, but the new successor subscriber can decide what to do with the RESP.

So, the value of that interest will likely belong to the residuary beneficiaries of the estate unless the joint subscriber appoints a successor subscriber by will.

In fact, you can name both a successor holder and a beneficiary — for example, a man could name his wife as a successor holder and his child as beneficiary, meaning his wife would get the money after his death.

This issue should be considered, especially where irrevocable life insurance trusts designate beneficiaries who are also successors in a family business.

References to www.smartcredit.com, ConsumerDirect and us includes subsidiaries, affiliates, agents, employees, predecessors in interest, successors, and assigns, as well as all authorized or unauthorized users or beneficiaries of services under this or prior Agreements between us.

Thank you for your email regarding designating a beneficiary and / or successor for the new Tax Free Savings Account.

Seniors should not confuse the term Beneficiary (familiar because of RRSP and RRIF beneficiary designations) with the key TFSA term, Successor Holder, says Sandy Cardy, a former Senior VP of tax and estate planning for Mackenzie IBeneficiary (familiar because of RRSP and RRIF beneficiary designations) with the key TFSA term, Successor Holder, says Sandy Cardy, a former Senior VP of tax and estate planning for Mackenzie Ibeneficiary designations) with the key TFSA term, Successor Holder, says Sandy Cardy, a former Senior VP of tax and estate planning for Mackenzie Investments.

Note that only a spouse can be your successor holder: if you want a child or other heir to receive your assets, they must be named as the beneficiary.

David T. asks: What are the differences between the «successor holder» and «beneficiary» designations and which is the best way to proceed in regards to my spouse?

Note that only a spouse or common law partner qualifies as a successor holder — anyone else must be listed as a designated beneficiary.

«For example, it is superior to be a successor holder for TFSA for a spouse, and our best advice is that a spouse be named a successor holder rather than a beneficiary of the TFSA,» says Caskey.

Complete this form to designate or change a successor holder and / or beneficiary of your Tax - Free Savings Account (TFSA) assets.

When you open a Tax - Free Savings Account (TFSA), you'll likely be asked whether you wish to specify something called a «successor holder» or whether you want to designate a beneficiary.

Complete this form to designate or change a successor holder and / or beneficiary of your Retirement Income Fund (RIF) assets.

One contract states that at the annuitant's death, the contract value must be paid to the beneficiary named in the contract, but at the death of a «non-annuitant owner» (Grandma, in this case), the contract value passes to «the joint owner, if any, otherwise to the successor owner, if any, otherwise to the estate of the owner».

If you and the successor holder die at the same time, the beneficiary will get the money.

Update — My wife phoned ING, and we do not have any successor holder or beneficiary named on our accounts.

Earlier this week I posted about Estate planning with your TFSA — choosing a beneficiary or successor holder.

how does it work if the successor holder / beneficiary is a minor upon my death?

Previous post: Estate Planning With Your TFSA — Tax - Free Savings Account — Naming A Beneficiary Or Successor Holder

On some of the sites (CRA) I maybe mistakenly got the impression that a spouse has priority to the tfsa as a successor, even over and above the beneficiary that I've designated to go to my son.

If you don't specify a successor or beneficiary on the tax - free savings account, the money will become part of your estate.

You can designate a beneficiary or successor holder when you set up your TFSA or any time later on.

You can name different successor holders or beneficiaries to each account.

Note that if you name both a successor holder and beneficiary on a TFSA, the successor holder will override the beneficiary.

Tip — Name a beneficiary, even if you have already named a successor holder.

Jessie dies with a $ 60,000 TFSA and his wife Jenny was not a Successor Holder, but was beneficiary of the estate, so inherited the TFSA via Jessie's will.

The law in the province where you live may allow you to designate a successor holder and / or other beneficiary to your TFSA in the event of your death, by means of a separate designation outside of your will.

If you have designated both a successor holder, and a beneficiary, at your death, the person designated as your successor holder will become the holder of your TFSA except if that person has either a) died before you; or b) is no longer your current spouse or common - law partner at the time of your death.

On each TFSA you have with HSBC Bank Canada, you can designate a successor holder or a beneficiary or both.

Important: As set out in the language on the form, when you change either your successor holder or beneficiary designation, this will revoke all previous designations on that particular TFSA.

You may, at any time, revoke or change a successor holder or beneficiary you have previously designated on a particular tax - free savings account you hold.

If you want your TFSA to go to your spouse and you live in a province that allows successor holders, Edmund, it's important to name your spouse as the successor holder, not just the beneficiary.

Appointing a successor holder or a beneficiary may save probate, but it may not result in your estate wishes being carried out in the way you wish.

Home Buyers Plan (HBP) Registered Account Contribution Form RESP — Canada Education Savings Grant (CESG) Application RESP — Canada Education Savings Grant (CESG) Annex A RESP — Canada Education Savings Grant (CESG) Annex B RESP - Saskatchewan Advantage Grant for Education Savings (SAGES) Annex C RESP - British Columbia Training and Education Savings Grants (BCTESG) Annex D RRSP Deregistration Form (cash withdrawal) RRSP Deregistration Form (security withdrawal) TFSA Designation of Beneficiary / Successor

If your sister - in - law was the TFSA beneficiary or successor holder, you may be able to transfer the TFSA investments «in kind» or as is from one TFSA to another, Rosemary, but that will be up to the transferring and receiving financial institutions.

Your brother may have appointed your sister - in - law as the «successor holder» for his TFSA, which is slightly different from appointing her as the «beneficiary.»

If your brother did not name her as the beneficiary or successor holder for his TFSA, the account would be payable to his estate.