Sentences with phrase «survivorship interest»

The Court declined to determine whether the owner of a survivorship interest could effectively waive that interest to create a trust in favour of the pension plan member's beneficiaries.

The Court of Appeal found that under the PBSA, the Appellant's survivorship interest in the pension plan vested in July 2002 when Mr. Tarr irrevocably elected a joint pension with her as the beneficiary of the survivorship interest and commenced receipt of his pension.

Entitlement to the survivorship interest crystallizes at the time of a triggering event, which in this case was the execution of the Agreement.

a) ``... a clear and unambiguous waiver of the survivorship interest must be incorporated into a separation agreement in order to effect the waiver contemplated...»

... In my opinion, in whatever context the conveyance of a vested survivorship interest is made, it must be explicit, and leave no doubt as to what it is the spouse is relinquishing.

~ The waiver or conveyance of a survivorship interest in pension benefits must be explicit and leave no doubt as to what is being relinquished ~

Waiver of the statutory entitlement to survivorship interests may be done through a written agreement.

Not exact matches

His research interests include new therapies, predictive biomarkers, cancer survivorship, and quality of care.

Catherine has a special interest in cancer survivorship, with work experience in cancer rehabilitation, past volunteer and involvement with Breast Cancer Action (BCA), and the Canadian Breast Cancer Foundation.

There is an interesting anecdote from World War II about the use of Survivorship Bias or rather how it a team avoided it.

A form of co-ownership that gives each tenant equal interest and equal rights in the property, including the right of survivorship.

BrightLife ® Grow Survivorship, a survivorship life insurance plan, is designed for couples interested in enhancing retireSurvivorship, a survivorship life insurance plan, is designed for couples interested in enhancing retiresurvivorship life insurance plan, is designed for couples interested in enhancing retirement income.

If your Collateral Account does not include a right of survivorship and one of you dies, the Collateral Account may, subject to the Bank's right of setoff and security interest, be paid to any survivor or to the personal representative, heirs or successors of the deceased owner even though not the last surviving owner.

As Master Schlosser explained, as tenants in common, Mr. Denesik and Mr. Verhulst had equal rights to use and possess the entire property with no right of survivorship to the other's interest.

Joint tenancy, often called «joint tenants with right of survivorship,» is a form of holding equal interests in an asset by two or more persons.

[1] When a parent gives an adult child a joint interest in real property during his or her lifetime, can that gift include an irrevocable right of survivorship that has the effect of preventing the parent from later severing the joint tenancy?

For example, if two spouses own property as joint tenants, and one of them passes away, the surviving spouse has a right of survivorship and they inherit the deceased spouse's interest in the property without having to go through probate.

No, you need to use a Survivorship Deed to transfer rights of survivorship, where the parties will hold the property as joint tenants, with the survivor taking a fee simple interest (complete ownership) in the property upon the death of the Survivorship Deed to transfer rights of survivorship, where the parties will hold the property as joint tenants, with the survivor taking a fee simple interest (complete ownership) in the property upon the death of the survivorship, where the parties will hold the property as joint tenants, with the survivor taking a fee simple interest (complete ownership) in the property upon the death of the other party.

The Court of Queen's Bench finds that, upon his death, Bill no longer owns an interest in the house, as a result of having entered (along with Jean) into joint tenancy with a right of survivorship.

The respondent moved out of the home and took steps to value her half interest in the home, and the applicant made a will that was inconsistent with the right of survivorship.

When Theadora died, the two - thirds interest she held jointly with Ingrid passed to Ingrid by survivorship, leaving no portion of the property to pass to her estate.

In the Niels Estate [3] case the issue was whether a joint tenancy interest in a house passed by way of survivorship to the deceased daughter - in - law pursuant to a joint tenancy as a gift, or was the deceased's joint tenancy interest properly part of her estate to be shared among her children.

She was thus the owner of the survivor benefits at the time the Agreement was executed, and so a waiver of interest in assets belonging to Mr. Tarr did not affect her entitlement to the survivorship benefits.

Sometimes called second - to - die insurance, survivorship life is often purchased by married couples or other pairs of people with insurable interest in each other, and it's generally more affordable than two separate policies.

Second - to - die life insurance, also known as survivorship life insurance, is an interesting and affordable policy option you may want to consider for estate planning purposes.

Couples interested in estate planning and those looking to help their heirs pay for estate taxes and other settlement costs often opt for a survivorship life insurance policy.

Posted in insurable interest, insurance, life insurance, second to die insurance Tagged estate tax life insurance, insurance, life insurance, life insurance to fund ongoing care of special needs child, life insurance to pay for structured care of special needs child, second to die life insurance, second to die life insurance cost efficient, survivorship life insurance policy

The discounting in the policy is an actuarial present value, which means it takes into account not just interest but also survivorship probabilities and not just the death benefit, but future premiums that won't be paid.

A legal relationship and method referencing the ownership of real property by which one person mutually holds legal title to property with other persons in such a way that when one of the joint owners dies, the remaining party (s) owns an undivided interest in the entire property; more legally referred to as Tenancy in Common with rights of survivorship.