Common use of FEDERAL ESTATE AND GIFT TAXES Clause in Contracts

FEDERAL ESTATE AND GIFT TAXES. Generally there is no specific exclusion for Xxxx IRAs under the Federal estate tax rules. Therefore, in the event of your death, the value of your Xxxx XXX will be includible in your gross estate for Federal estate tax purposes. However, if your surviving spouse is the beneficiary of your Xxxx XXX, the value of your Xxxx XXX may qualify for the marital deduction available under Section 2056 of the Internal Revenue Code. A transfer of property for Federal gift tax purposes does not include an amount which a beneficiary receives from a Xxxx XXX plan. This Xxxx XXX Custodial Agreement has been approved by the Internal Revenue Service as to form. This is not an endorsement of the plan in operation or of the investments offered.

FEDERAL ESTATE AND GIFT TAXES. Generally there is no specific exclusion for Xxxx IRAs under the Federal estate tax rules. Therefore, in the event of your death, the value of your Xxxx XXX will be includible in your gross estate for Federal estate tax purposes. However, if your surviving spouse is the beneficiary of your Xxxx XXX, the value of your Xxxx XXX may qualify for the marital deduction available under Section 2056 of the Internal Revenue Code. A transfer of property for Federal gift tax purposes does not include an amount which a beneficiary receives from a Xxxx XXX plan. This Xxxx XXX Custodial Agreement custodial agreement has been approved by the Internal Revenue Service as to form. This is not an endorsement of the plan in operation or of the investments offered.

FEDERAL ESTATE AND GIFT TAXES. Generally there is no specific exclusion for Xxxx IRAs under the Federal estate es- xxxx tax rules. Therefore, in the event of your death, the value of your Xxxx XXX will be includible in your gross estate for Federal estate tax purposes. However, if your surviving spouse is the beneficiary of your Xxxx XXX, the value of your Xxxx XXX may qualify for the marital deduction available under Section 2056 of the Internal Revenue Code. A transfer of property for Federal gift tax purposes does not include an amount which a beneficiary receives from a Xxxx XXX plan. This Xxxx XXX Custodial Agreement has been approved by the Internal Revenue Rev- enue Service as to form. This is not an endorsement of the plan in operation or of the investments offered.

FEDERAL ESTATE AND GIFT TAXES. Generally Generally, there is no specific exclusion for Xxxx IRAs under the Federal estate tax rules. Therefore, in the event of your death, the value of your Xxxx XXX will be includible in your gross estate for Federal estate tax purposes. However, if your surviving spouse is the beneficiary of your Xxxx XXX, the value of your Xxxx XXX may qualify for the marital deduction available under Section 2056 of the Internal Revenue Code. A transfer of property for Federal gift tax purposes does not include an amount which a beneficiary receives from a Xxxx XXX plan. This Xxxx XXX Custodial Agreement custodial agreement has been approved by the Internal Revenue Service as to form. This is not an endorsement of the plan in operation or of the investments offered.

FEDERAL ESTATE AND GIFT TAXES. Generally there is no specific exclusion for Xxxx IRAs under the Federal estate tax rules. Therefore, in the event of your death, the value of your Xxxx XXX will be includible in your gross estate for Federal estate tax purposes. However, if your surviving spouse is the beneficiary be neficiary of your Xxxx XXX, the value of your Xxxx XXX may qualify for the marital deduction available under Section 2056 of the Internal Revenue Code. A transfer of property for Federal gift tax purposes does not include an amount which a beneficiary receives from a Xxxx XXX plan. This Xxxx XXX Custodial Agreement has been approved by the Internal Revenue Service as to form. This is not an endorsement of the t he plan in operation or of the investments offered.