STATE UNCLAIMED PROPERTY LAW DISCLOSURE. The assets in your custodial account are subject to state unclaimed property laws which provide that if no activity occurs in your account within the time period specified by the particular state law, your assets must be transferred to the appropriate state. We are required by law to advise you that your assets may be transferred to an appropriate state in compliance with these state laws.
STATE UNCLAIMED PROPERTY LAW DISCLOSURE. The assets in your Xxxxxxxxx ESA Account are subject to state unclaimed property laws which provide that if no activity occurs in your Xxxxxxxxx ESA Account within the time period specified by the particular state law, your assets must be transferred to the appropriate state. We are required by law to advise you that your assets may be transferred to an appropriate state in compliance with these state laws. The following definitions may be applicable to your Xxxxxxxxx ESA Account:
STATE UNCLAIMED PROPERTY LAW DISCLOSURE. Unless preempted by federal law, the assets in the Participant’s Account are subject to state unclaimed property laws which provide that if no activity occurs in the Participant’s Account within the time period specified by the particular state law, the Participant’s assets must be transferred to the appropriate state. The Custodian is required by law to advise the Participant that his or her assets may be transferred to a state in compliance with state law.
STATE UNCLAIMED PROPERTY LAW DISCLOSURE. The assets in your custodial account are subject to state unclaimed property laws which provide that if no activity occurs in your account within the time period specified by the particular state law, your assets must be transferred to the appropriate state. We are required by law to advise you that your assets may be transferred to an appropriate state in compliance with these state laws. Effective September 16, 2013, same‐sex couples who are legally or lawfully married in a state or country that recognizes same‐sex marriage will be treated as a “spouse” for federal tax purposes. The IRS will look to state or foreign law to validate the marriage. Same‐sex couples who are in a civil union or domestic partnership will not be afforded the same federal tax treatment. Our fees and charges are disclosed in its IRA Fee Schedule which is included with each IRA packet. The fee schedule may be amended from time to time upon thirty (30) days written notice to you. In addition to establishment, annual administration, transaction, and account closing fees, we reserve the right to charge or collect other fees as disclosed in its fee schedule and the Individual Retirement Custodial Agreement. Examples of additional fees include, but are not limited to, stop payment fees, wire charges, returned check fees, safekeeping fees, or administrative review fees related to Alternative Investments. You are responsible for payment of all fees, expenses or other charges relating to your IRA Account. If you do not pay such charges upon receipt of any invoice or credit card billing, the fees and charges will be withdrawn from your Account. In the event an Account does not have sufficient funds to pay outstanding fees we reserve the right to liquidate assets of your Account and/or resign as Custodian, as well as take other measures, as disclosed in the Individual Retirement Custodial Agreement. With respect to Automatic Rollover IRAs, we may pay an expense reimbursement, one time or recurring, to third party administrators or record keepers providing services to your previous employer’s retirement plan. Such reimbursements help cover expenses associated with providing your information to M2 Trust and processing the distribution of funds from your employer’s plan. Expense reimbursements will be paid by M2 Trust from its’ fees and will not be deducted from your Account. M2 Trust will perform sub‐accounting related to its Cash Management Account and will receive a fee for these services a...
STATE UNCLAIMED PROPERTY LAW DISCLOSURE. The assets in your custodial account are subject to state unclaimed property laws which provide that if no activity occurs in your account within the time period specified by the particular state law, your assets must be transferred to the appropriate state. We are required by law to advise you that your assets may be transferred to an appropriate state in compliance with these state laws. REQUIRED FEDERAL INCOME TAX WITHHOLDING ON ESCHEATED TRADITIONAL IRA ACCOUNTS Effective as of January 1, 2020, for any Traditional IRA Account that becomes dormant and subject to escheatment under state unclaimed property law, the Internal Revenue Service requires reporting of the amount escheated on IRS Form 1099R and income tax withholding at the time of escheatment to the state. You agree and authorize the Custodian to liquidate sufficient assets in your custodial account to provide for the withholding to the IRS. The Custodian will remit withholding to the IRS in accordance with any prior withholding election. If you have not made a prior withholding election, the Custodian will remit withholding at a rate of ten percent (10%).
STATE UNCLAIMED PROPERTY LAW DISCLOSURE. The assets in your custody account are subject to state unclaimed property laws which provide that if no activity occurs in your account within the time period specified by the particular state law, your assets must be transferred to the appropriate state. We are required by law to advise you that your assets may be transferred to an appropriate state in compliance with these state laws. The Custodian expressly disclaims any responsibility or liability for losses you incur as result of your failure to furnish identification materials we request, including investment losses and any other loss or damage (including but not limited to lost opportunities). If you proceed with the account opening process, you accept all risks of loss resulting from any failure of yours to furnish the identification materials we request for from subsequent failure to adequately verify your identity.
