Sentences with phrase «upon death of an individual»

Estate Planning: The planning for the administration of an estate upon the death of an individual.

Other commonly held myths on privacy rights being extinguished upon death of an individual and that an estate trustee may automatically assume the role of the deceased with respect to accessing digital estate assets.

The difference is that the policy stays intact and upon the death of the individual, the balance of the policy is paid to the beneficiary.

Not exact matches

To my mind, it accords better with what we know about the laws impressed upon matter by the Creator that the production and extinction of the past and present inhabitants of the world should have been due to secondary causes, like those determining the birth and death of the individual... There is grandeur in this view of life, with its several powers, having been breathed into a few forms or into one...»

Some people are disturbed by the idea that Christian faith may rest only upon the testimony of certain individuals to have experienced a vision of Jesus after his death.

All I can do here is to suggest that there is a place today for a general concept of resurrection that sees permanent meaning and value in our lives without depending upon belief in individual life after death.

In reflecting upon itself the individual consciousness acquires the formidable property of foreseeing the future, that is to say, death.

Thus every attempt to situate Man and the Earth in the framework of the Universe comes inevitably upon the heavy problem of death, not of the individual but on the planetary scale — a death which, if we seriously contemplate it, must paralyze all the vital forces of the Earth.

In a future which closes upon God, death is the last historical act of the individual and the noosphere.

«We can do better to keep the American people safe from these kinds of individuals that perpetrate death and destruction upon so many people,» he said.

A trust, usually established through instructions in a person's will or through the provisions of a living trust, that becomes effective upon an individual's death.

Most other assets owned by an individual receive a step - up in cost basis upon the death of the person, eliminating all capital gains on those assets up to that point in time.

Upon death, many individuals want to ensure that their surviving loved ones are taken care of financially.

Beneficiary: The Beneficiary is the designated individual or organization who will receive the value of a Registered Plan upon the death of the Annuitant.

Trusts provide flexibility to you so that you might leave the income to a named individual with the principal to the Portland Museum of Art upon that individual's death.

The exhibition represents the life stories and related issues of the post-war Chinese LGBTQ community as the artworks on view touch upon a profusion of subject matters such as identity, equality, exploitation by mass media, social predicaments, comments on individuals / groups, human desire, as well as life and death.

In addition to relying upon the legal counsel of a seasoned and experienced wrongful death attorney, there are also certain pieces of information of which individuals should be aware when a wrongful death occurs.

Joint: Tenant An individual who owns real or personal property together with one or more people in equal shares, usually in an arrangement where, upon the death of one joint tenant, the surviving joint tenant (s) automatically owns the deceased personà † s share.

Entireties property is generally exempt from the claims of creditors of the individual spouses, and it passes to the surviving spouse upon the death of the other.

Beneficiary The individual or entity designated to receive a life insurance or annuity death benefit upon the death of the insured or the annuitant.

A life insurance beneficiary is an individual who receives the policy's benefit proceeds upon the death of the insured.

Also called «second - to - die» life insurance, this type of whole life policy insures two lives (typically spouses) and pays out upon the death of the second individual.

Upon death, many individuals want to ensure that their surviving loved ones are taken care of financially.

In doing so, the owner of a life insurance policy is required to name a beneficiary — or beneficiaries — who will receive the insurance policy proceeds upon the individual's death.

Since the cost per thousand dollars of death benefit is based upon the joint life expectancy of both parties the premium can be significantly less than the cost of purchasing two individual policies.

This means that, upon death of the insured individual, the policy only pays out if payments have been kept current; if payments stop before the individual dies, the policy is no longer in force and will not pay out any money.

In the event of the salaried individual's death, the family will not suddenly be cut off from all sources of income but, instead, will be able to depend upon reliable monthly payments of your death benefit.

Here, the death benefit will pay out upon the death of the second individual.

Individual Life: Upon the death of the insured during policy, the sum assured will be paid (if all premiums are fully paid).

While most group policies provide nominal coverage to a spouse through the primary insured individual, the coverage is less substantial than you'll probably need, and it generally ends upon the death of the employee, as the primary insured person.

Beneficiary — An individual (s) or entity (s) named in the policy as a recipient of the policy benefits upon the death of the insured.

o Individual Life: Upon the death of the insured during policy, the sum assured will be paid (if all premiums are fully paid).

It may not leave people homeless or unemployed in the near term, but the individual and overall economic impact of millions losing life insurance will have those same implications upon the death of each person who has lost their life insurance coverage.

In the event of the death of a licensed broker, who is the sole proprietor of a real estate business, the board shall, upon application by his legal representative, issue, without examination, a temporary license to such legal representative, or to an individual designated by him and approved by the board, upon the filing of a bond as aforesaid and the payment of the prescribed fee, which shall authorize such temporary licensee to continue to transact said business for a period not to exceed one year from the date of death subject to all other provisions of sections eighty - seven PP to eighty - seven DDD applicable to a licensed broker except that such temporary license shall not be renewed.

Beneficiary: An individual, company, organization, or other entity named in a trust, life insurance policy, annuity, will, mortgage loan or other agreement who receives a financial benefit upon the death of the principal.