Common use of Successor Organization Clause in Contracts

Successor Organization. If we merge with, purchase, or are acquired by, another organization, such organization, if qualified, may automatically become the successor custodian or trustee of your Beneficiary IRA. Beneficiary IRAs are permitted by the IRS; however, they are subject to certain rules, which are described above and in the disclosure statement. The IRS has not created a form 5305 series agreement specifically designed for a beneficiary IRA. Therefore, the standard IRS Form 5305-RA is used as the basis for our agreement with you. However, certain provisions of Articles I through VIII and the instructions of this IRS Form 5305-RA do not apply to you, as beneficiary of the depositor, or to your Beneficiary IRA. IRS FORM 5305-RA INSTRUCTIONS (Rev. 4-2017) General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Purpose of Form Form 5305-RA is a model custodial account agreement that meets the requirements of section 408A. However, only Articles I through VIII have been reviewed by the IRS. A Xxxx individual retirement account (Xxxx XXX) is established after the form is fully executed by both the individual (depositor) and the custodian. This account must be created in the United States for the exclusive benefit of the depositor and his or her beneficiaries. Do not file Form 5305-RA with the IRS. Instead, keep it with your records. Unlike contributions to traditional individual retirement arrangements, contributions to a Xxxx XXX are not deductible from the depositor’s gross income; and distributions after 5 years that are made when the depositor is 59½ years of age or older or on account of death, disability, or the purchase of a home by a first-time homebuyer (limited to $10,000), are not includible in gross income. For more information on Xxxx IRAs, including the required disclosures the custodian must give the depositor, see Pub. 590-A, Contributions to Individual Retirement Arrangements (IRAs), and Pub. 590-B, Distributions from Individual Retirement Arrangements (IRAs).

Successor Organization. If we merge with, purchase, or are acquired by, another organization, such organization, if qualified, may automatically become the successor custodian or trustee of your Beneficiary IRA. Beneficiary IRAs are permitted by the IRS; however, they are subject to certain rules, which are described above and in the disclosure statement. The IRS has not created a form 5305 series agreement specifically designed for a beneficiary IRA. Therefore, the standard IRS Form 5305-RA is used as the basis for our agreement with you. However, certain provisions of Articles I through VIII and the instructions of this IRS Form 5305-RA do not apply to you, as beneficiary of the depositor, or to your Beneficiary IRA. IRS FORM 5305-RA INSTRUCTIONS (Rev. 4-2017) 2017)‌ General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Purpose of Form Form 5305-RA is a model custodial account agreement that meets the requirements of section 408A. However, only Articles I through VIII have been reviewed by the IRS. A Xxxx individual retirement account (Xxxx XXX) is established after the form is fully executed by both the individual (depositor) and the custodian. This account must be created in the United States for the exclusive benefit of the depositor and his or her beneficiaries. Do not file Form 5305-RA with the IRS. Instead, keep it with your records. Unlike contributions to traditional individual retirement arrangements, contributions to a Xxxx XXX are not deductible from the depositor’s gross income; and distributions after 5 years that are made when the depositor is 59½ years of age or older or on account of death, disability, or the purchase of a home by a first-time homebuyer (limited to $10,000), are not includible in gross income. For more information on Xxxx IRAs, including the required disclosures the custodian must give the depositor, see Pub. 590-A, Contributions to Individual Retirement Arrangements (IRAs), and Pub. 590-B, Distributions from Individual Retirement Arrangements (IRAs).

Successor Organization. If we merge with, purchase, or are acquired by, another organization, such organization, if qualified, may automatically become the successor custodian or trustee of your Beneficiary IRA. Beneficiary IRAs are specifically permitted by the IRS; however, they are subject to certain special rules, which are described above and in the disclosure statement. The IRS has not created a form 5305 series agreement specifically designed for a beneficiary IRA. Therefore, the standard IRS Form 5305-RA A is used as the basis for our agreement with you. However, certain provisions of Articles I through VIII VII and the instructions of this IRS Form 5305-RA A do not apply to you, as beneficiary of the depositor, or to your Beneficiary IRA. IRS FORM 5305-RA A INSTRUCTIONS (Rev. 4-2017) 2017)‌ General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Purpose of Form Form 5305-RA A is a model custodial account agreement that meets the requirements of section 408A. 408(a). However, only Articles I through VIII VII have been reviewed by the IRS. A Xxxx traditional individual retirement account (Xxxx XXXtraditional IRA) is established after the form is fully executed by both the individual (depositor) and the custodian. To make a regular contribution to a traditional IRA for a year, the IRA must be established no later than the due date of the individual’s income tax return for the tax year (excluding extensions). This account must be created in the United States for the exclusive benefit of the depositor and his or her beneficiaries. Do not file Form 5305-RA A with the IRS. Instead, keep it with your records. Unlike contributions to traditional individual retirement arrangements, contributions to a Xxxx XXX are not deductible from the depositor’s gross income; and distributions after 5 years that are made when the depositor is 59½ years of age or older or on account of death, disability, or the purchase of a home by a first-time homebuyer (limited to $10,000), are not includible in gross income. For more information on Xxxx IRAs, including the required disclosures the custodian must give the depositor, see Pub. 590-A, Contributions to Individual Retirement Arrangements (IRAs), and Pub. 590-B, Distributions from Individual Retirement Arrangements (IRAs).

Successor Organization. If we merge with, purchase, or are acquired by, another organization, such organization, if qualified, may automatically become the successor custodian or trustee of your Beneficiary IRA. Beneficiary IRAs are specifically permitted by the IRS; however, they are subject to certain special rules, which are described above and in the disclosure statement. The IRS has not created a form 5305 series agreement specifically designed for a beneficiary IRA. Therefore, the standard IRS Form 5305-RA A is used as the basis for our agreement with you. However, certain provisions of Articles I through VIII VII and the instructions of this IRS Form 5305-RA A do not apply to you, as beneficiary of the depositor, or to your Beneficiary IRA. IRS FORM 5305-RA A INSTRUCTIONS (Rev. 4-2017) General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Purpose of Form Form 5305-RA A is a model custodial account agreement that meets the requirements of section 408A. 408(a). However, only Articles I through VIII VII have been reviewed by the IRS. A Xxxx traditional individual retirement account (Xxxx XXXtraditional IRA) is established after the form is fully executed by both the individual (depositor) and the custodian. To make a regular contribution to a traditional IRA for a year, the IRA must be established no later than the due date of the individual’s income tax return for the tax year (excluding extensions). This account must be created in the United States for the exclusive benefit of the depositor and his or her beneficiaries. Do not file Form 5305-RA A with the IRS. Instead, keep it with your records. Unlike contributions to traditional individual retirement arrangements, contributions to a Xxxx XXX are not deductible from the depositor’s gross income; and distributions after 5 years that are made when the depositor is 59½ years of age or older or on account of death, disability, or the purchase of a home by a first-time homebuyer (limited to $10,000), are not includible in gross income. For more information on Xxxx IRAs, including the required disclosures the custodian must give the depositor, see Pub. 590-A, Contributions to Individual Retirement Arrangements (IRAs), and Pub. 590-B, Distributions from Individual Retirement Arrangements (IRAs).