Eligible Designated Beneficiary definition

Eligible Designated Beneficiary means, with respect to an Owner, any Beneficiary who is one of the following:

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Eligible Designated Beneficiary means a Designated Beneficiary who meets the additional criteria under Code Section 401(a)(9)(E)(ii).

Eligible Designated Beneficiary. An eligible designated beneficiary includes a surviving spouse, a disabled individual, a chronically ill individual, a minor child, or an individual who is not more than 10 years younger than the account owner. Certain trusts created for the exclusive benefit of disabled or chronically ill beneficiaries are included. Other factors that impact the beneficiary(ies) distribution requirements include your relationship to the Beneficiary (i.e., spouse, nonspouse, or other), whether you died before or after RMDs were required to begin, and if the ▇▇▇▇ ▇▇▇ has a “designated beneficiary” as defined under federal regulations.

Examples of Eligible Designated Beneficiary in a sentence

Eligible Designated Beneficiary Eligible designated beneficiary status is determined on the date of your death.
Eligible Designated Beneficiary (Other than a Surviving regulations.
Eligible Designated Beneficiary (Nonspouse) If you pass away on or after your required beginning date, your nonspouse beneficiary who qualifies as an eligible designated beneficiaries (nonspouse) must take a required minimum distribution (RMD) each year beginning in the calendar year following the year of your death.
An Eligible Designated Beneficiary, which includes a surviving spouse, a child of the IRA owner under the age of majority, a disabled or chronically ill beneficiary and a beneficiary who is not more than ten years younger than the IRA Owner, has the option of taking distributions (which must begin in the year after death) based on his or her life expectancy.
Eligible Designated Beneficiary (Other than a Surviving other entitiesfincluding, but not limited to, an estate, a trust, or a Spouse or Minor Child).

More Definitions of Eligible Designated Beneficiary

Eligible Designated Beneficiary means, with respect to a Deceased Owner or Deceased Participant, as applicable, any Beneficiary who is one of the following:

Eligible Designated Beneficiary means a Designated Beneficiary of a Participant who is (1) the Participant’s surviving spouse, (2) the Participant’s child who has not reached the age of Majority, (3) disabled within the meaning of Code §72(m)(7), (4) chronically ill within the meaning of Code §7702B(c)(2), provided the requirements of subsection 7702B(c)(2)(A)(i) shall be treated as met if a certification is provided that, as of such date, the period of inability described in such subsection is an indefinite one which is reasonably expected to be lengthy in nature, or (5) any other individual who is not described in (1) through (4) of this Section 3.7(d) and is not more than 10 years younger than the Participant. Whether a Designated Beneficiary is an Eligible Designated Beneficiary shall be determined as of the date of the Participant’s death. Certain trusts (or parts of certain trusts) may be treated as Eligible Designated Beneficiaries pursuant to Code §401(a)(9)(H)(iv) and (v).

Eligible Designated Beneficiary means, with respect to any employee, any designated beneficiary who is—

Eligible Designated Beneficiary. An eligible designated beneficiary includes a surviving spouse, a disabled individual, a chronically ill individual, a minor child, or an individual who is not more than 10 years younger than the account owner. Other factors that impact the beneficiar(ies) distribution requirements include your relationship to the Beneficiary (i.e., spouse, non-spouse, or other), whether you died before or after RMDs were required to begin, and if the IRA has a “designated beneficiary” as defined under federal regulations.

Eligible Designated Beneficiary means a Designated Beneficiary within the meaning of Code Section 401(a)(9)(E)(ii).

Eligible Designated Beneficiary means a surviving spouse, minor child of the Original IRA Owner, a disabled or chronically ill beneficiary, and beneficiaries who are less than 10 years younger than the Original IRA Owner.

Eligible Designated Beneficiary means an individual who is a Designated Beneficiary and is the Participant’s spouse, the Participant’s minor child, a chronically ill or disabled individual, or an individual who is not more than ten years younger the Participant.