Successor Organization. If we merge with, purchase, or are acquired by, another organization, such organization, if qualified, may automatically become the successor custodian or trustee of your IRA.
Successor Organization. If we merge with, purchase, or are acquired by, another organization, such organization, if qualified, may automatically become the successor custodian or trustee of your Xxxx XXX.
Successor Organization. The obligations of the Corporation and the Bank as set forth herein shall continue to be the obligation of any successor organization, any organization which purchases substantially all of the liabilities of the Corporation or the Bank, as well as any organization which assumes substantially all of the liabilities of the Corporation or the Bank whether by merger, consolidation, or other form of business
Successor Organization. The obligations of the Corporation as set forth herein shall continue to be the obligation of any successor organization, any organization which purchases substantially all of the assets of the Corporation, as well as any organization which assumes substantially all of the liabilities of the Corporation whether by merger, consolidation, or other form of business combination.
Successor Organization. If we merge with, purchase, or are beneficiary after your death, to elect a distribution reason, provide acquired by, another organization, such organization, if qualified, documentation, and provide a proper tax identification number before may automatically become the successor custodian or trustee of your we process a distribution. These withdrawals may be subject to SIMPLE IRA. taxes, withholding, and penalties. Distributions may be in cash or in 8.19 Folio as Broker-Dealer. In establishing this SIMPLE IRA, you also kind based on our policies. In-kind distributions will be valued are establishing a brokerage relationship with Folio and this according to our policies at the time of the distribution. agreement is a part of and is incorporated into the Folio Customer Required minimum distributions will be based on Treasury Agreement applicable to this SIMPLE IRA. Investment instructions Regulations 1.401(a)(9) and 1.408-8 in addition to our then current with respect to your SIMPLE IRA are to be provided to Folio in the policies and procedures. The required minimum distribution form and manner acceptable to Folio.
Successor Organization. If we merge with, purchase, or are nominee custodian and Folio as sub-custodian.
Successor Organization. If we merge with, purchase, or are acquired by, another organization, such organization, if qualified, may automatically become the successor custodian or trustee of your Xxxx XXX. IRS FORM 5305-RA INSTRUCTIONS (Rev. 4-2017) General Instructions includible in gross income. For more information Article V. This article describes how Section references are to the Internal Revenue on Xxxx IRAs, including the required disclosures distributions will be made from the Xxxx XXX Code unless otherwise noted. the custodian must give the depositor, see Pub. after the depositor's death. Elections made Purpose of Form 590-A, Contributions to Individual Retirement pursuant to this article should be reviewed Form 5305-RA is a model custodial account Arrangements (IRAs), and Pub. 590-B, periodically to ensure they correspond to the agreement that meets the requirements of section Distributions from Individual Retirement depositor's intent. Under paragraph 3 of Article 408A. However, only Articles I through VIII Arrangements (IRAs). V, the depositor's spouse is treated as the owner have been reviewed by the IRS. A Xxxx Definitions of the Xxxx XXX upon the death of the depositor, individual retirement account (Xxxx XXX) is Custodian. The custodian must be a bank or rather than as the beneficiary. If the spouse is to established after the form is fully executed by savings and loan association, as defined in be treated as the beneficiary, and not the owner, both the individual (depositor) and the custodian. section 408(n), or any person who has the an overriding provision should be added to This account must be created in the United States approval of the IRS to act as custodian. Article IX. for the exclusive benefit of the depositor and his Depositor. The depositor is the person who Article IX. Article IX and any that follow it or her beneficiaries. establishes the custodial account. may incorporate additional provisions that are Do not file Form 5305-RA with the IRS. Specific Instructions agreed to by the depositor and custodian to
Successor Organization. If we merge with, purchase, or are acquired by, another organization, such organization, if qualified, may automatically become the successor custodian or trustee of your Beneficiary IRA. Beneficiary IRAs are permitted by the IRS; however, they are subject to certain rules, which are described above and in the disclosure statement. The IRS has not created a form 5305 series agreement specifically designed for a beneficiary IRA. Therefore, the standard IRS Form 5305-RA is used as the basis for our agreement with you. However, certain provisions of Articles I through VIII and the instructions of this IRS Form 5305-RA do not apply to you, as beneficiary of the depositor, or to your Beneficiary IRA. IRS FORM 5305-RA INSTRUCTIONS (Rev. 4-2017) General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Purpose of Form Form 5305-RA is a model custodial account agreement that meets the requirements of section 408A. However, only Articles I through VIII have been reviewed by the IRS. A Xxxx individual retirement account (Xxxx XXX) is established after the form is fully executed by both the individual (depositor) and the custodian. This account must be created in the United States for the exclusive benefit of the depositor and his or her beneficiaries. Do not file Form 5305-RA with the IRS. Instead, keep it with your records. Unlike contributions to traditional individual retirement arrangements, contributions to a Xxxx XXX are not deductible from the depositor’s gross income; and distributions after 5 years that are made when the depositor is 59½ years of age or older or on account of death, disability, or the purchase of a home by a first-time homebuyer (limited to $10,000), are not includible in gross income. For more information on Xxxx IRAs, including the required disclosures the custodian must give the depositor, see Pub. 590-A, Contributions to Individual Retirement Arrangements (IRAs), and Pub. 590-B, Distributions from Individual Retirement Arrangements (IRAs).
Successor Organization. If we merge with, purchase, or are within 30 days following the receipt date. Your investments may acquired by, another organization, such organization, if qualified, require additional state and federal reporting. may automatically become the successor custodian or trustee of your
Successor Organization. If we merge with, purchase, or are acquired by, another organization, such organization, if qualified, may automatically become the successor custodian or trustee of your HSA.
