Examples of Deceased in a sentence
If the surviving-spouse owner, the company, and/or the other owners do not exercise their right to purchase such Interest from the estate of the Deceased Spouse, then the heirs and beneficiaries would acquire such Interest.
The Support Staff Sick Leave Reimbursement for Deceased Employees Form is in the Business Office Procedures Handbook.
Upon making distribution of trust assets or a division of trust assets into separate trusts at the death of the Deceased Spouse, the assets shall be valued at the date of distribution or the date of funding the trusts created by this instrument if such date is different than the date of death, and the Trustee shall distribute or divide so as to avoid application of terminable interest rules and regulations.
If the spouse of an owner dies, and such deceased spouse (the “Deceased Spouse”) does leave his or her community property share of the Interest to the surviving-spouse owner (whether outright or in trust), the surviving-spouse owner, the company, and/or the other owners would have the right (but typically not the obligation) to purchase all of the Deceased Spouse’s community property share of the Interest not left to the surviving spouse.
On the death of the Deceased Spouse, the entire trust fund shall continue in trust for the benefit of the Surviving Spouse, without exception, and with the full power of revocation.