Sentences with phrase «spouse at passing»

The annuity would provide lifetime (or a certain yearly amount) of future payments, but would have no value at death while the life policy would immediately create a sizable death benefit providing tax - free proceeds to children or a spouse at passing.

Joint plans will continue to a living spouse at passing.

Not exact matches

You may be able to file as «qualifying widow / widower» if your spouse passed away sometime during the previous two years, you have not remarried, and you have a dependent at home.

Non-health-care expenses adjust for inflation; if you have a spouse, amount selected is reduced by 25 % at life expectancy age of first to pass

What that poor crowd of Nazarenes was cutting off at the pass had to do not only with God, but with their neighbors and spouses and children, and whatever they knew of community.

Title: Keeping the Faith Series: Faithfully Yours, Book 3 Author: A.M. Leibowitz Publisher: Supposed Crimes Cover Artist: Stacy O'Steen Release Date: November 1, 2017 Romance Genre (s): Contemporary, M / M Words: 84,000 View on Goodreads About the Book Blurb It's been three years since Micah's spouse, Cat, passed away at the age of thirty - six.

The younger spouse is no longer forced to leave the home at the time of passing of the older spouse provided that the younger spouse was a non-borrowing spouse when the loan was originally taken out (would not be the case with a spouse who married after the loan was already in place) and that the spouse still resided in the home and the title passed to the remaining spouse.

No matter which state they reside, same - sex married couples are now able to take advantage of the unlimited estate tax marital deduction at death to pass assets to a surviving spouse without incurring federal estate taxes.

If stay - at - home parents have life insurance coverage and pass away, the life insurance death benefit would allow the surviving spouse to take much needed time off work to spend with the children and help pay for services that the stay - at - home parent lovingly provided.

For example, if a bypass trust is originally funded with assets worth $ 1 million dollars at your death and appreciates in value to $ 2 million dollars at the time of your surviving spouse's death, then the additional $ 1 million dollars of appreciation is also passed to the disclaimer trust beneficiaries free of estate taxes.

When an asset passes to a surviving spouse on death, by default, it is transferred at its adjusted cost base for tax purposes, meaning no capital gains tax is payable at that time.

If the HSA passes to a person other than the spouse, the HSA terminates as of the date of death, and the person is required to include in gross income the assets of the HSA at the date of death.

Assuming she is not married (since if married the property can pass to her spouse tax free), when she passes away, she will be a deemed to have disposed of the real estate on the date of her passing at the fair market value («FMV») of the real estate on that day.

i.e. can I use 2 passes at the same time to go into the lounge for myself & my spouse?

Sadly, due to our longevity and time passing, some of our artists have died and so we feel it appropriate to offer the families and spouses of these Viridian Artists the opportunity to continue to exhibit their art with us as well as maintain a portfolio on our website at a reduced cost.

In California, no divorce is final unless at least six months have passed since the divorce petition and summons have been served on the non-filing spouse, or respondent.

If your spouse or loved one passed away due to a truck accident, call Zinda Law Group at [phone] for a free consultation with one of our experienced 18 - wheeler accident lawyers.

For an Uncontested Divorce, the remainder of the process may simply entail waiting until the mandatory Separation period has passed (i.e., you and your spouse have been «separate and apart» for at least one full year) before the Divorce can be granted.

Barker elaborates on the importance of contingent beneficiaries, «Always ensure you have a contingent beneficiary named, especially when your spouse is the primary beneficiary as spouses spend the most time together and may be involved in the same unfortunate circumstances that may have them both pass at the same time.

If you or your spouse passes away at any time during this term (usually 20 — 30 years), your beneficiaries will receive a payout from the term life insurance policy.

A spouse passing away at a young or at any age causes many years of lost income potential.

In passing that Act, Congress declared that employers with 20 or more full time employees (or equivalent) who also provide their employees with health insurance must continue to provide the insurance at the group rate to an employee or their spouse or dependents (all are «qualified beneficiaries») when one of six «qualifying events» occurs (termination of employment, reduction in hours [disqualifying from insurance eligibility], death of the employee, separation / divorce of employee and spouse, dependent child who loses dependency through age (19 or 23 is still a student) or marriage (becomes someone else's problem).

Should a stay - at - home spouse pass away, the remaining parent would have to suddenly pay for childcare and everything else a stay - at - home parent does on a day - to - day basis.

So if you named your spouse as primary beneficiary, had not named any contingent beneficiaries, and you both pass away at the same time, then the insurance company won't be able to pay your spouse — and at that point they will simply pay the death benefit to the estate.

The ILIT can be used to provide for your surviving spouse, with the remaining balance, if any, at his or her death passing to your children;

You have a young family and stay - at - home spouse, and would have trouble covering child care and other family services your spouse provides if they passed away.

A pension maximization strategy should provide your spouse with at least the same amount of money that they would have received at your passing if you had chosen the joint - survivorship pension plan.

However, when your spouse passes away, if the assets left behind are valued at more than federal estate tax exemption of $ 22.4 million, your heirs will be subject to a 40 % tax rate on the value of your estate that exceeds the exemption.

Whether it was a bad day at work, your car broke down, or even something serious like a loved one passed away, if your spouse is the first person who immediately comes to mind, then they mean more to you than anyone else in the world.

The requirements are as follows: A spouse must be a resident of the state of Arkansas for at least 60 days prior to filing for the divorce and the divorce will not be finalized until a 3 months waiting period has passed after the initial filing.

Covariates include: Gender (1 = wives, 0 = husbands), race / ethnicity (1 = Non-White, 0 = White), education at Wave 1 (in years), logged couple income at each wave (ln [1 + couple income in dollars]-RRB-, number of living children at Wave 1 (those of respondents and spouses combined), work status at each wave (1 = part - or full - time employed, 0 = unemployed / retired / housewife), the number of times married, time passed since Wave 1 (1 = 2006, 2 = 2008, 3 = 2010), NMQ, and depression.

So, as many second homeowners are closing up their family retreats for the season, it might be a good idea for those at or nearing retirement age to think about how they might pass the asset down to the next generation — especially when multiple children and their spouses will be entering into joint ownership.