Common use of ESTATE AND GIFT TAX STATUS OR DISTRIBUTIONS Clause in Contracts

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: Savings Agreement (Aim Equity Funds Inc), Savings Agreement (Aim Funds Group/De), Savings Agreement (Aim International Funds Inc)

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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: Savings Agreement (Aim Growth Series)

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