Examples of Remainder Interest in a sentence
Step 2: Using the client's age as of his last birthday, determine the Remainder Interest Value in Appendix B.
Therefore, C’s life annuity is computed as follows: C’s Annuity$5,000 × 14.245 =B’s Reversionary — Remainder Interest $ 71,225Value of farm$480,000 Less: C’s annuity$ 71,225$408,775Total annuity and reversion — remainder $480,000NOTE: In this example, the $5,000 annuity is worth less than a life estate in the farm.
Note that athletics is still a separate category on the VSE, even though in the standards athletics is in the category “Other.” Irrevocable Deferred Gift Details (Full/Partial Survey 3b)In this section, report only: newly established Charitable Remainder Trusts (CRTs), Charitable Gift Annuities (CGAs), Pooled Income Funds (including additional contributions to an existing pooled income fund), and Remainder Interest in Property Each gift should be attributed to a donor type—either alumni or nonalumni.
Therefore, C’s life annuity is computed as follows:C’s Annuity $5,000 × 15.436 = $ 77,180B’s Reversionary — Remainder Interest Value of farm$480,000 Less: C’s annuity$ 77,180$402,820Total annuity and reversion — Remainder $480,000 NOTE: In this example, the $5,000 annuity is worth less than a life estate in the farm.
Sellers hereby covenant and agree to execute and deliver such further instruments, if any, as may be reasonably required by Purchaser to transfer the Remainder Interest to Purchaser and acknowledge and agree that, in connection with the transfer of the Share Consideration to Sellers, Sellers shall become parties to the Stockholders’ Agreement.