ESTATE TAX. Generally, for federal estate tax purposes, amounts held in your Xxxx XXX are included in your gross estate when you die. However, if your spouse is your Beneficiary, the Xxxx XXX may qualify for the marital deduction. Consult your tax and/or legal advisors for specific guidance.
Appears in 4 contracts
Samples: Account Application and Agreement, Account Application and Agreement, Roth Ira Custodial Account Agreement
ESTATE TAX. Generally, for federal estate tax purposes, amounts held in your Xxxx XXX are included in your gross estate when you die. However, if your spouse is your Beneficiary, the Xxxx XXX may qualify for the marital deduction. Consult your tax and/or legal advisors for specific guidance.
Appears in 2 contracts
Samples: Simple Ira Custodial Account Agreement, Simple Ira Custodial Account Agreement
