Common use of Successor in Interest Clause in Contracts

Successor in Interest. If you die before the entire interest in your HSA is distributed, the entire remaining interest will be disposed of as follows: • If your spouse is the beneficiary, your HSA will become your spouse’s HSA as of the date of your death. • If your spouse is not the beneficiary or you have no spouse, your HSA will cease to be an HSA Account as of the date of your death. • If your estate is the beneficiary, the fair market value of your HSA as of the date of your death is taxable on your final tax return. For other beneficiaries, the fair market value of your HSA is taxable to that person in the tax year that includes the date of your death.

Successor in Interest. If you die before the entire interest in your HSA is distributed, the entire remaining interest will be disposed of as follows: • If your spouse is the beneficiary, your HSA will become your spouse’s HSA as of the date of your death. • If your spouse is not the beneficiary or you have no spouse, your HSA will cease to be an HSA Account account as of the date of your death. • If your estate is the beneficiary, the fair market value of your HSA as of the date of your death is taxable on your final tax return. For other beneficiaries, the fair market value of your HSA is taxable to that person in the tax year that includes the date of your death.

Successor in Interest. If you die before the entire interest in your HSA is distributed, the entire remaining interest will be disposed of as follows: • If your spouse is the beneficiary, your HSA will become your spouse’s HSA as of the date of your death. • If your spouse is not the beneficiary or you have no spouse, your HSA will cease to be an HSA Account account as of the date of your death. • If your estate is the beneficiary, the fair market value of your HSA as of the date of your death is taxable on your final tax return. For other beneficiaries, the fair market value of your HSA is taxable to that person in the tax year that includes the date of your death.

Successor in Interest. If you die before the entire interest in your HSA is distributed, the entire remaining interest will be disposed of as follows: • ◆ If your spouse is the beneficiary, your HSA will become your spouse’s 's HSA as of the date of your death. • ◆ If your spouse is not the beneficiary or you have no spouse, your HSA will cease to be an HSA Account account as of the date of your death. • If your estate is the beneficiary, the fair market value of your HSA as of the date of your death is taxable on your final tax return. For other beneficiaries, the fair market value of your HSA is taxable to that person in the tax year that includes the date of your death.