Common use of Eligible Designated Beneficiary Clause in Contracts

Eligible Designated Beneficiary. An eligible designated beneficiary If such a beneficiary chooses the ten-year rule, he/she is is a designated beneficiary who is: 1) the IRA owner's surviving required to remove all assets from the IRA by December 31 of spouse; 2) an IRA owner's minor child (through the age of the tenth year following the year of your death.