Trust beneficiary Sample Clauses
The TRUST BENEFICIARY clause defines the individual or entity entitled to receive benefits from a trust. It specifies who will receive distributions of income or assets held in the trust, and may outline the conditions or timing for such distributions. This clause is essential for ensuring that the trust's assets are managed and distributed according to the settlor's intentions, thereby providing clarity and legal certainty regarding the rights of beneficiaries.
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Trust beneficiary. If you choose to name a trust as a beneficiary, please describe the trust by the name of the present trustee, the name of the trust (if any) and the date of the trust. Example: "▇▇▇▇ ▇▇▇, Trustee of the Doe Family Trust dated December 1, 2016." Minor beneficiary: If a beneficiary is a minor, the Co-op may transfer the proceeds to a custodian it selects under the applicable state's Uniform Transfers to Minors Act. Note: All stated percentages must be whole percentages (e.g., 33%, not 33.3%) and must add up to 100%.
Trust beneficiary. The Beneficiary is the disabled person for whom the Trust is being established. (Refer to Beneficiary and Grantor definitions in Appendix A). Complete this section with information pertaining to the Beneficiary. Address – Use the beneficiary’s current physical location. Is the Beneficiary a minor or incapacitated? Please note – if the answer is yes, the Trust must be established by a Statutory Representative, Agent under a valid Durable Power of Attorney, Guardian (with Letters of Guardianship), or Court Order.
Trust beneficiary. If the Participant’s named beneficiary is a trust, the Plan may make a direct rollover to an individual retirement account on behalf of the trust, provided the trust satisfies the requirements to be a designated beneficiary within the meaning of Code § 401(a)(9)(E).
Trust beneficiary. Unless an authorized officer or registrar of the Company explicitly agrees otherwise in writing, the following provision shall apply when a trust is named as Beneficiary. In no event is the Company responsible for the application or disposition of any proceeds it pays to a Trust Beneficiary. Payment to a Trust Beneficiary is a full discharge of the liability of the Company. If a designated trust provides for successor trustees, the designation in this policy includes successor trustees. Likewise, if the trust allows amendments, the trust, if so amended, remains as a designated Beneficiary.
Trust beneficiary. If the Participant's named Beneficiary is a trust, the Plan may make a direct rollover to an IRA on behalf of the trust, provided the trust satisfies the requirements to be a "designated Beneficiary."
Trust beneficiary. The primary beneficiary of this Trust is the Grantor
Trust beneficiary. BANCO INTERNACIONAL DEL PERU S.A.A. – INTERBANK, with Taxpayer’s ID Card (RUC) No. 20100053455, domiciled at Jr. Carlos Villarán 140, Urbanización Santa Catalina, district of La Victoria, province and department of Lima, duly represented by Ms. Hilda Angélica de la Fuente Rodríguez, identified by National ID Document No. 09336656, and by Mr. José Antonio González Ramsey, identified by National ID Document No. 08885472, as per powers of attorney registered under Entries C00277 and C00282, respectively, on Electronic Card No. 11008578 of the Register of Legal Entities kept by the Registry Office in and for Lima (hereinafter referred to as the “TRUST BENEFICIARY”).
Trust beneficiary. If a designated Beneficiary is other than an individual, the minimum distribution to the Participant pursuant to Section 6.9 shall be determined as if no Beneficiary is designated. However, if a designated Beneficiary is a trust, the beneficiaries of the trust will be deemed the Beneficiaries of the Participant if as of the Required Beginning Date: (i) the trust is valid under state law (or would be except for the fact there is no corpus); (ii) the trust is irrevocable; (iii) the beneficiaries of the trust are identifiable; and (iv) a copy of the trust instrument is provided to the Committee.