At Death definition
At Death. I do not always include a “Termination by Death” section in my premarital agreements. Though I always recommend it, some clients – especially clients with no prior children – will prefer that their premarital agreement apply only in the event of divorce. In most cases, however, language is included for the death contingency, as follows:
At Death means the beneficiary will receive his inheritance immediately after the client passes. “Or Age” means the age the client designates each beneficiary to receive his inheritance. “Or Other” means any arrangements for distribution other than "At Death” and “Or Other”.
At Death. Tempering Language. Frequently, either the client, the other party, or the other party’s counsel, will want to ensure that there is some minimum property to which the other party is entitled in the event the marriage terminates as a result of my client’s death. In such instances, the following provision is included: Husband’s Estate Planning. Notwithstanding Wife’s waivers herein, Husband shall establish and maintain an estate plan that provides that, in the event the parties’ marriage is terminated as a result of Husband’s death, Wife shall receive upon Husband’s death: (i) all of the parties’ Marital Property; and (ii) additional property and/or cash, which Husband may satisfy in whole or in part through life insurance, with an aggregate fair market value of not less than $______________. If for any reason Husband fails to have such an estate plan in place at the time of his death, Wife shall have the right to claim from Husband’s estate the amount that Wife would have received had Husband complied with this provision. This estate planning requirement shall be terminated once either party files an action to dissolve the marriage or for legal separation and will only be revived upon the completed, joint dismissal of that action and the continuation of the marriage. ERISA Waiver. Finally, the following ERISA waiver language is included: Employee Plans and Employee Benefit Rights. Each party hereto understands that the other party may want to dispose of their respective retirement benefits to a person or entity (specifically including charity) other than the other party hereto but each also understands that, at least with respect to qualified retirement plan benefits, each will be entitled to the other’s retirement benefits to some extent pursuant to federal law. The parties hereto agree to execute any and all documents required by the laws applicable to these plans and, if applicable, by the plan administrators (a) to relinquish any rights each might have in the retirement benefits of the other, including, but not limited to, the right to receive a survivor annuity in the event of the death of the other party, and (b) to permit the other party hereto to name a person or persons of his or her choice as the recipient or recipients of these benefits.
Examples of At Death in a sentence
Monthly Deduction Adjustment At Death The portion of any Month Deduction made for a period beyond the date of death will be added to the policy proceeds unless this amount has already been included in the Death Benefit as described in (c) in Section 10.
My commission expires: At Death [NOTARIAL SEAL] STATE OF LOUISIANA ) : Rapides PARISH ) I, the undersigned, a notary public in and for said parish in said state, hereby certify that R.
My Commission Expires: __At Death______ - 30 - Landlord and Tenant acknowledge that on January 30, 2019, Owner and Landlord, i.e. Thermo ▇▇▇▇▇▇▇▇▇ LLC, received a Certificate of Occupancy for the Building from the Louisiana Fire Marshal.
More Definitions of At Death
At Death. Tempering Language. Frequently, either the client, the other party, or the other party’s counsel, will want to ensure that there is some minimum property to which the other party is entitled in the event the marriage terminates as a result of my client’s death. In such instances, the following provision is included: