Special Beneficiary definition

Special Beneficiary means Equis Financial Group in its capacity as Special Beneficiary pursuant to this Agreement, together with its successors and assigns in such capacity.
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Special Beneficiary means the beneficiary of the Special Trust as determined pursuant to Paragraph 9.N(v).
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Special Beneficiary means a person who meets the criteria set out in section 9 of The Prescription Drugs Regulations, 1993 (Saskatchewan);
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Examples of Special Beneficiary in a sentence

  • Upon any purported Transfer or Event that results in an exchange of Shares for Excess Shares pursuant to Paragraph 9.C, such Excess Shares shall be deemed to have been transferred to PREIT, as trustee of a Special Trust for the exclusive benefit of the Special Beneficiary or Special Beneficiaries to whom an interest in such Excess Shares may later be transferred pursuant to Paragraph 9.N(v).

  • Special Beneficiary Rules for a Brokerage IRA If you name multiple primary beneficiaries or multiple secondary beneficiaries for a Brokerage IRA in which you owned different mutual funds or individual securities upon your death, your beneficiaries may not choose specific funds or securities to which they are entitled.

  • To the extent possible, the Trustee shall pay providers of goods and services for a Special Beneficiary directly or make disbursements to other appropriate persons under an agreement to pay for such items and shall not make distributions to a Special Beneficiary directly, unless minor amounts are specifically allowed pursuant to a benefit program, such that any such distributions will not risk benefit disqualification or adverse consequences for a Special Beneficiary.

  • The Trustee may pay any legal fees or other costs of legal compliance or of civil or criminal defense or to assert legal rights or claims related to a Special Beneficiary.

  • No disabled Special Beneficiary with personal special needs (see Section 3.2) shall have any such power of withdrawl.

  • The affected trust estate shall not be used to provide for institutional care or to provide basic food, clothing, and shelter, nor be available to the beneficiary for conversion for such items, and shall not be used in any manner which would disqualify a Special Beneficiary for any local, state, and federal benefits for which the Special Beneficiary is, or would otherwise be, eligible as a result of disability, handicap, or illness of the Special Beneficiary or of the Special Beneficiary’s parent.

  • The Trust Protector, or if none is serving, the Trustee, of the trust may in the sole discretion of such Trust Protector or Trustee, amend its terms retroactively or prospectively to the extent necessary or appropriate to comply with applicable law, to prevent disqualification for governmental or other benefits of any Special Beneficiary, or to otherwise meet the express purposes of the trust.

  • The affected trust estate shall be used, if at all, only to supplement other benefits received by a Special Beneficiary.

  • They are also intended to allow any Special Beneficiary to qualify for governmental or other benefits and not to disqualify them from such benefits so that the maximum resources may be available for Special Beneficiaries.

  • The Trustee may pay all or any portion of any taxes (including interest and penalties) of any kind payable to any jurisdiction by a Special Beneficiary or by the trust and any cost (including legal and accounting fees) of tax return preparation, tax compliance, or challenging any tax claim, assessment, or threatened assessment of any taxing authority in any jurisdiction.

Related to Special Beneficiary

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Beneficiary means the person, persons, trust or trusts that have been designated by a Participant in his or her most recent written beneficiary designation filed with the Committee to receive the benefits specified under the Plan upon such Participant’s death or to which Awards or other rights are transferred if and to the extent permitted under Section 10(b) hereof. If, upon a Participant’s death, there is no designated Beneficiary or surviving designated Beneficiary, then the term Beneficiary means the person, persons, trust or trusts entitled by will or the laws of descent and distribution to receive such benefits.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Spouse means, an individual who,

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Representative payee means an individual, agency, or institution selected by a court or the Social Security Administration to receive and manage benefits on behalf of another person.

  • Settlor means a person, including a testator, who creates, or contributes property to, a trust. If more than one person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to that person's contribution except to the extent another person has the power to revoke or withdraw that portion.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.