ESTATE AND GIFT TAX STATUS OR DISTRIBUTIONS. Generally, for estate tax purposes, the value of your IRA xxxl be fully includible in your gross estate in the event of your death. For gift tax purposes, beneficiary designations will not be treated as gifts. Also, contributions to an IRA xx behalf of a spouse who has no earned income or elects to be treated as having no earned income will qualify for
Appears in 5 contracts
Samples: Sep and Sarsep Ira Adoption Agreement (Aim Investment Securities Funds Inc), Sep and Sarsep Ira Adoption Agreement (Aim International Funds Inc), Sep and Sarsep Ira Adoption Agreement (Aim Advisor Funds Inc)
ESTATE AND GIFT TAX STATUS OR DISTRIBUTIONS. Generally, for estate tax purposes, the value of your IRA xxxl will be fully includible in your gross estate in the event of your yxxx death. For gift tax purposes, beneficiary designations will not be treated as gifts. Also, contributions to an IRA xx on behalf of a spouse who has no earned income or elects to be treated xxxated as having no earned income will qualify for
Appears in 1 contract
Samples: Sep and Sarsep Ira Adoption Agreement (Aim Growth Series)
