Sole benefit of definition

Sole benefit of means that no individual or entity, except the person for whom the trust was
Sample 1Sample 2Sample 3

Examples of Sole benefit of in a sentence

  • Sole benefit of: A transfer is considered for the sole benefit of a spouse, blind or disabled child, or a disabled individual if the transfer is arranged in such a way that no individual or entity except the spouse, blind, or disabled child, or disabled individual can benefit from the assets transferred in any way, whether at the time of the transfer or at any time in the future.EE.

Related to Sole benefit of

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised;

  • Indemnified Parties shall have the meaning assigned to such term in Section 7.2.