Coverdell definition

Coverdell or “Coverdell ESA” means a Securities Account held as a Coverdell Education Savings Account.
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Coverdell means Coverdell & Company, Inc., a company organized ▇▇▇▇▇ ▇▇e laws of Geo▇▇▇▇.
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Examples of Coverdell in a sentence

  • The Coverdell ESA Account established under this ▇▇▇▇▇▇▇▇▇ ESA Custodial Agreement is referred to herein as the “Custodial Account”.

  • This plan is administered by Coverdell & Company, Inc., a discount medical plan organization at ▇▇▇▇ ▇.

  • The Custodian shall, from time to time, subject to the provisions of Article IV of Part One for Traditional IRAs, Article V of Part Two and Part Three for Roth IRAs and Coverdell ESAs, r▇▇▇▇ctively, ▇▇▇▇ ▇▇▇▇ributions out of the custodial account to the Depositor, in such manner and amounts as may be specified in written instructions of the Depositor.

  • The responsible individual will select the investment for the Coverdell ESA assets from those investments that the custodian is authorized by its charter, articles of incorporation, or bylaws to offer and does in fact offer for ▇▇▇▇▇▇▇▇▇ ESAs (e.g., term share accounts, passbook accounts, certificates of deposit, money market accounts).

  • Transfers of Coverdell ESA assets to a death designated beneficiary made during the designated beneficiary’s life and at his or her request or because of the designated beneficiary’s failure to instruct otherwise, may be subject to federal gift tax under IRC Sec.

  • You may contribute to a Coverdell Education Savings Account and a qualified tuition program for the same beneficiary in the same year.

  • Also, a rollover or transfer into a CHET Advisor Plan from a Coverdell Education Savings Account is not treated as a contribution eligible for the Connecticut income tax deduction.

  • You may elect to take a distribution of part or all of your existing Coverdell Education Savings Account and invest it as a contribution to your Account.

  • That distribution may be considered a qualifying Coverdell Education Savings Account distribution that is not subject to federal (and possibly state and/or local) income tax.

  • The assets in the Coverdell ESA will not be responsible for the debts, contracts, or torts of the responsible individual, the designated beneficiary, the depositor, or any person entitled to distributions under this agreement.

Related to Coverdell

  • Orthodontic means a type of specialist dental treatment carried out by an orthodontist that diagnoses, prevents and corrects mispositioned teeth and jaws and misaligned bite patterns.

  • Fire fighter means a member, including a volunteer member and a member who is paid on call, of an organized fire department that is responsible for, or is in a capacity that includes responsibility for, the extinguishment of fires, the directing of the extinguishment of fires, the prevention and detection of fires, and the enforcement of the general fire laws of this state. Fire fighter does not include a person whose job description, duties, or responsibilities do not include direct involvement in fire suppression.

  • Motorboat means the same as that term is defined in Section 73-18-2.

  • Toddler means a child at least one year of age but less than 2 years of age.

  • Nursing home-type patients means a patient who has been in hospital more than 35 days, no longer requires acute hospital care, cannot live independently at home or be looked after at home, and either cannot be placed in a nursing home or a nursing home place is not available.