Common use of Professional Advice Clause in Contracts

Professional Advice. Depositor is advised to seek advice from Xxxxxxxxx’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 16 contracts

Samples: Traditional Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement

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Professional Advice. Depositor Xxxxxxxxx is advised to seek advice from Xxxxxxxxx’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

Samples: Custodial Agreement, Custodial Agreement, Custodial Agreement

Professional Advice. Depositor is advised to seek advice from XxxxxxxxxDepositor’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

Samples: Universal Individual Retirement Account Custodial Agreement, Custodial Agreement

Professional Advice. Depositor is advised to seek advice from Xxxxxxxxx’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 2 contracts

Samples: Roth Individual Retirement Account Agreement, Roth Ira Custodial Agreement

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Professional Advice. Depositor is advised to should seek advice from Xxxxxxxxx’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

Samples: Custodial Agreement

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