Common use of Professional Advice Clause in Contracts

Professional Advice. Depositor is advised to seek advice from ▇▇▇▇▇▇▇▇▇’s attorney regarding the legal consequences (including but not limited to federal and state tax matters) of entering into this Agreement, contributing to the Custodial Account, and ordering Custodian to make distributions from the Custodial Account. Depositor acknowledges that Custodian and Service Company (and any company associated therewith) are prohibited by law from rendering such advice.

Appears in 22 contracts

Sources: Traditional Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement, Traditional Individual Retirement Custodial Account Agreement

Professional Advice. Depositor ▇▇▇▇▇▇▇▇▇ is advised to seek advice from ▇▇▇▇▇▇▇▇▇’s attorney regarding the legal consequences (including but not limited to federal and state tax matters) of entering into this Agreement, contributing to the Custodial Account, and ordering Custodian to make distributions from the Custodial Account. Depositor acknowledges that Custodian and Service Company (and any company associated therewith) are prohibited by law from rendering such advice.

Appears in 4 contracts

Sources: Custodial Agreement, Custodial Agreement, Custodial Agreement

Professional Advice. Depositor is advised to seek advice from ▇▇▇▇▇▇▇▇▇’s attorney regarding the legal consequences (including but not limited to federal and state tax matters) of entering into this Agreement, contributing to the Custodial Account, and ordering Custodian to make distributions from the Custodial Account. Depositor Depos- itor acknowledges that Custodian and Service Company (and any company associated therewith) are prohibited by law from rendering such advice.

Appears in 3 contracts

Sources: Traditional Ira Custodial Document, Roth Individual Retirement Account Agreement, Roth Ira Custodial Agreement

Professional Advice. Depositor is advised to seek advice from ▇▇▇▇▇▇▇▇▇Depositor’s attorney regarding the legal consequences (including but not limited to federal and state tax matters) of entering into this Agreement, contributing to the Custodial Account, and ordering Custodian to make distributions from the Custodial Account. Depositor acknowledges that Custodian and Service Company (and any company associated therewith) are prohibited by law from rendering such advice.

Appears in 2 contracts

Sources: Universal Individual Retirement Account Custodial Agreement, Custodial Agreement

Professional Advice. Depositor is advised to should seek advice from ▇▇▇▇▇▇▇▇▇’s attorney regarding the legal consequences (including but not limited to federal and state tax matters) of entering into this Agreement, contributing to the Custodial Account, and ordering Custodian to make distributions from the Custodial Account. Depositor acknowledges that Custodian and Service Company (and any company associated therewith) are prohibited by law from rendering such advice.

Appears in 1 contract

Sources: Custodial Agreement