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.
Appears in 18 contracts
Samples: Coverdell Esa Custodial Account Agreement, www.transamerica.com, davisfunds.com
Gift Tax. Transfers of Xxxxxxxxx ESA assets to a death death-designated beneficiary made during the designated beneficiaryDesignated Beneficiary’s life and at his or her request or because of the designated beneficiaryDesignated Beneficiary’s failure to instruct otherwise, otherwise may be subject to federal gift tax under IRC Sec. 2501.
Appears in 2 contracts
Samples: www.navyfederal.org, www.navyfederal.org