Examples of Xxxxxxxxx Account in a sentence
Assets may be transferred or rolled over to this Xxxxxxxxx Account from another Xxxxxxxxx ESA in the name of the Designated Beneficiary or from a Xxxxxxxxx ESA held by a family member of the Designated Beneficiary (subject to certain restrictions).
To establish the Xxxxxxxxx Account using assets from another Xxxxxxxxx ESA, follow the general instructions for establishing the Xxxxxxxxx Account and note where provided on the Application Form that the contribution is a transfer or rollover from another Xxxxxxxxx ESA.
I agree that the Xxxxxxxxx Account becomes effective only upon written acceptance by the Custodian and that such written acceptance will consist of a confirmation of transaction statement.
The charges in connection with the Xxxxxxxxx Account are set forth in the Application Form.
A Designated Death Beneficiary may be named for the Xxxxxxxxx Account.
Subject to any minimum investment requirements, contributions to the Xxxxxxxxx Account must be allocated to one or more of the Mutual Funds made available in connection with the Xxxxxxxxx Account.
The Custodian may also charge a service fee in connection with any distribution from the Xxxxxxxxx Account.
Any contribution made to the Xxxxxxxxx Account will be treated as a contribution for the year it is received, unless the contribution is made between January 1 and the April 15th postmark deadline and you have identified the contribution as a prior year contribution.
Xxxxxxxxx ESAs established using the Custodial Agreement will meet the requirements of the Code applicable to Xxxxxxxxx ESAs. However, the IRS has not endorsed the investments permitted under this Xxxxxxxxx Account.
If individual applicants are eligible to apply for this funding opportunity, then you may begin with step 3, Create a Xxxxxx.xxx Account, listed below.