Sentence examples for irrevocable beneficiary from inspiring English sources

The kicker is that suspension providers, such as Alcor (it has 35 people in deep freeze 400 on a waiting list), require clients to designate the provider as the policy's irrevocable beneficiary to cover all freezing costs.

These assets may include personal property such as cars and furniture, or checking accounts, and generally name the revocable trust -- which upon death becomes irrevocable -- as the beneficiary.

The Roth I.R.A. lets you avoid having to deal with beneficiary selections, irrevocable decisions that can have nasty tax consequences.

Coming into a lot of money at a very young age, Mr. Levchin found himself forced to ponder things like irrevocable trusts and secondary beneficiaries.

The UTC requires trustees to notify current and probable future beneficiaries of irrevocable trusts, including charities, about the existence of the trust.

If you do this right paying the premiums with your annual $10,000 per person gift tax exemption and holding the policy in an irrevocable life insurance trust your beneficiaries can get the death benefit free from estate income taxes.

This irrevocable trust has only one beneficiary and officially ends at age 21.

In this particular instance, the wife, Wendy, was the beneficiary of an irrevocable, discretionary support trust established by her parents.

In moving quickly, one tool that Bush and his advisors might have made use of is a qualified disclaimer – this is where a beneficiary makes an irrevocable election to refuse to receive an interest in the property.

You'd probably put the policy into an irrevocable trust with your heirs as beneficiaries; correctly constructed, the trust would keep the policy proceeds out of your estate at death.

When shares are issued in an irrevocable trust, either the settlor or the beneficiary must be a member of this credit union.