Sentences with phrase «survived by the spouse»

We revised the estate plan of the well - spouse so that in the event they were survived by the spouse in the nursing home it would not result in rendering them ineligible for government benefits.

In this arena, quality life insurance may be more important for men, as they're statistically more likely to be survived by a spouse.

Married or civil partnered - when survived by a spouse or civil partner, and either the parents or siblings (but no children):

Not exact matches

Windsor sought to claim the federal estate tax exemption for surviving spouses, but was barred from doing so by § 3 of the federal Defense of Marriage Act (DOMA), which amended the Dictionary Act — a law providing rules of construction for over 1,000 federal laws and the whole realm of federal regulations to define «marriage» and «spouse» as excluding same - sex partners.

Protecting Consumers Utilizing Reverse Mortgages: Often utilized by seniors, protections include settlement conferences in cases where the default was triggered by the death of the last surviving borrower and allowing the last surviving borrower's spouse or successor who has a claim to ownership to engage in settlement conference.

Within the story world of A Quiet Place, they're wholly defined by their primary relationships (parents, spouses, children) and their attempts to survive under a «new normal:» Any sharp, distinct sound can lead to almost certain death and dismemberment (not necessarily in that order).

Examples could include, but are not limited to: employees, retirees (spouse, surviving spouse, and same sex domestic partner as recognized by eligible company) of corporations, companies, and divisions.

The surviving spouse or common law partner can choose to receive payments every month by check or by direct deposit into the survivor's bank account.

If you live in a community property state: Alaska, Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin the surviving spouse is responsible for debts incurred by the account holder during his or her marriage — even if the surviving spouse did not cosign.

When one spouse dies, the property is automatically inherited by the surviving spouse.

Older couples also may need life insurance to protect a surviving spouse against the possibility of the couple's retirement savings being depleted by unexpected medical expenses.

If your sole beneficiary is the surviving spouse, your spouse may elect to continue the contract by becoming the new annuitant and owner.

-- If the sole beneficiary is the deceased owner's surviving spouse, the surviving spouse may continue the annuity contract by becoming the new owner.

If the surviving spouse is not the sole beneficiary, the entire annuity must be distributed by December 31 of the year containing the fifth anniversary of death.

VA loans are loans which are backed by the Department of Veterans Affairs and available to active duty members and veterans of the U.S. military, as well as members of the National Guard and surviving spouses.

VA loans are guaranteed by the Veterans Administration and are available to qualifying veterans and surviving spouses.

Administrated by the U.S. Department of Veterans Affairs (VA), a VA loan allows qualified service members, veterans and surviving spouses the opportunity to purchase a home with special financing options.

A distribution eligible for rollover treatment but not directly rolled over by a surviving spouse beneficiary of a 403 (b) Plan is subject to mandatory 20 % federal tax withholding.

A VA loan is designed for military members, veterans and surviving spouses, and is guaranteed by the Veterans Affairs Department.

The funding fee does not have to be paid by veterans receiving VA compensation for service - connected disabilities, or who but for the receipt of retirement pay would be entitled to receive compensation for service - connected disabilities, or surviving spouses of veterans who died in service or from a service - connected disability.

form of joint ownership of an asset by spouses in which both own the asset equally; upon death of one spouse, ownership passes automatically to the surviving spouse

fair market value of all assets owned by the deceased, minus funeral expenses, debts owed by the deceased, and assets passed to a surviving spouse

This is done typically in a joint revocable living trust by providing a legal means within the trust to create separate trusts upon the first spouse's death, thereby creating a protected second trust for a surviving spouse.

HUD interprets the word «sale» to include any post-death conveyance of the mortgage property (even by operation of law) to the borrower's estate or heirs (including a surviving spouse who is not obligated on the HECM note).»

This can make life much easier on the surviving spouse by providing a financial buffer after the loved one dies.

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.

A representative for the decedent can amend a joint return (as filed by the surviving spouse) to a separate return for the decedent for up to 1 year after the due date of the return, including any tax extension that was filed.

Thus, permanent policies are often favored by those looking to enter their golden years with a way to pay for final expenses, provide additional financial security to a surviving spouse, or leave a financial legacy for children or grandchildren.

To make the portability election, an estate must transfer any unused exemption to the surviving spouse by filing a U.S. estate tax return (IRS Form 706), even when there is no taxable estate.

If the spouse is the sole beneficiary, the inherited IRA can simply be redesignated in the surviving spouse's name (if allowed by the account trustee).

Similar to the dual entitlement provision discussed above, under the Government Pension Offset Provision, the amount of a person's Social Security benefit as a spouse or surviving spouse will be reduced by two - thirds of the amount of the Government pension (for example, a CSRS annuity) the person receives based on his / her own work that was not covered by Social Security.

This titling strategy is by default and means that if one spouse were to die, the surviving spouse would take title automatically as a transfer upon death, by right of survivorship.

Portability allows a surviving spouse to preserve a deceased spouse's unused estate tax exemption by filing a federal estate tax return.

Free Surviving Spouse Benefit (FSSB)(for Single - Employer Plans only)- A survivor benefit provided by some plans without any cost (reduction) to the participant's benefit.

Denison Till applied the 2007 legal change that enables such transfers to be claimed by executors of the surviving spouse, however long ago their husband or wife died.

By transferring sufficient assets to the surviving spouse in the proper manner, estate tax liability upon the first spouse's death can be completely avoided.

The drug company Merck was sued by his surviving spouse, Carol, alleging that the Vioxx had caused the attack, and that the company did not provide sufficient warnings about the drug's possible side effects.

In Texas, claims may be brought by the surviving spouse, children or parents.

While there is no monetary value that will right the wrong that the family suffers, a monetary award may be necessary to help care for children left by the deceased, to pay for a mortgage that the surviving spouse did not anticipate paying alone, or for the costs of burying the deceased.

Illinois wrongful death cases are usually brought on behalf of the deceased by his surviving spouse, child, or parent.

Awards against nursing homes are comprised for the most part of punitive damages, and damages for mental anguish, pain and suffering experienced by the injured person, medical expenses, and the loss of affection and companionship by the surviving spouse or children.

The trust was created by the will of Anna Waterman, surviving spouse of Colorado's U.S. Senator, Charles Waterman.

Regardless of whether the death was caused by negligence, recklessness, or even intentional actions, the surviving spouse, children and parents are permitted to take legal action.

Mr. Carrigan was also survived by his common law spouse of 8.5 years, Ms. Quinn.

d, «testamentary substitutes... which include gifts causa mortis or within one year of death, Totten trusts, joint accounts, revocable transfers, or transfers with a retained income interest, many retirement accounts and property owned by a decedent and payable on his death to someone other than the surviving spouse for his estate.»

When a spouse dies, the property might pass to the surviving spouse (if it is titled in joint names), by beneficiary designation, by will or trust instrument, or under the laws of intestate succession (for those who do not have a will) or statutory share (for spouses who have been cut out of the will).

The court, in an opinion by Judge Greene, found that the surviving spouse must either show dependency or evidence of a legal obligation of support that was owed to the surviving spouse by the decedent.

Damages for mental anguish, pain and suffering experienced by the injured person, medical expenses, and the loss of affection and companionship by the surviving spouse or children may also be awarded.

In the case of an auto - bicycle accident with fatalities, the surviving spouse, children, or parents may file a wrongful death lawsuit against the driver and be entitled to burial expenses as well as other damages, as suggested by the Injury Law Group.

If that is done, the incumbrance is created by the executors, not the surviving spouse, and for no consideration.