Estate and Gift Tax. Transfers of Xxxxxxxxx ESA assets to a death designated beneficiary made during the Designated Beneficiary’s life and at his or her request or because of the Designated Beneficiary’s failure to instruct otherwise, may be subject to federal gift tax under IRC Sec. 2501 if made after October 22, 1986.
Appears in 4 contracts
Samples: Custodial Education Savings Account Agreement, Custodial Education Savings Account Agreement, Custodial Education Savings Account Agreement
Estate and Gift Tax. Transfers of Xxxxxxxxx ESA assets to a death designated beneficiary made during the Designated Beneficiary’s life and at his or her request or because of the Designated Beneficiary’s failure to instruct otherwise, may be subject to federal gift tax under IRC Sec. 2501 if made after October 2226, 1986.
Appears in 1 contract
Estate and Gift Tax. Transfers of Xxxxxxxxx ESA assets to a death designated beneficiary made during the Designated Beneficiary’s life and at his or her request or because of the Designated Beneficiary’s failure to instruct otherwise, may be subject to federal gift tax under IRC Sec. Section 2501 if made after October 22, 1986.
Appears in 1 contract
Samples: Wealth Management Agreement
