Anestateis a legal entity that comes into being when a person dies. The purpose of the estate is to gather the decedent’s assets, pay the decedent’s debts and expenses, and distribute the remaining assets. The estate exists until all of the assets have been distributed to heirs or other...
Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated...
This analysis finds that decreases in potential family income exert the strongest effect for wives since they tend to increase their market work when the husband dies or his health condition deteriorates. On the other hand, husbands react to the wife's disability or death by reducing their ...
The Joint Annuitant must be the spouse of the Annuitant on the Contract Date. Contingent Annuitant is the natural person who becomes the Annuitant if the Annuitant dies prior to the Income Date. Registered domestic partner means an individual joined in a domestic partnership that is registered by...
If a participant dies prior to commencement of a deferred retirement benefit, the spouse’s benefit is based on the actuarial equivalent of the deferred benefit at the time of his or her death. 如参与人在递延退休金开始前死亡,配偶抚恤金按其递延退休金死亡日期之精算等值计算。 UN-2 Takes...
4) Cameron passed away on March 23, 2020 and designated as IRA beneficiary a nephew. A nephew is not an EDB and so must use the 10-year payout rule. The nephew then designates his sibling as successor beneficiary. If the nephew subsequently dies in 2023, prior to depleting the IRA, th...
Contingent Annuitantis the natural person who becomes the Annuitant if the Annuitant dies prior to the Income Date. additional spousemeans a spouse by the party to the marriage who is additional to the party to the marriage; Refund beneficiarymeans an individual nominated by a qualified participan...