Remainder Interest Value definition

Remainder Interest Value means the present value of the Remainder Interest on the date of this Agreement determined under Section 7520 of the Internal Revenue Code by deducting from the GRAT Net Asset Value the present value, derived using the 3.4% interest rate in effect under Section 7520 for transfers in May, 2010 and related tables, of the unpaid Annuity Amounts payable on the Payment Dates.

Examples of Remainder Interest Value in a sentence

• Step 2: Using the client's age as of his last birthday, determine the Remainder Interest Value in Appendix B.

• Therefore, C’s life annuity is computed as follows: C’s Annuity $5,000 × 15.436 = $ 77,180 B’s Reversionary — Remainder Interest Value of farm $480,000 Less: C’s annuity $ 77,180 $402,820 Total annuity and reversion — Remainder $480,000 Note: In this example, the $5,000 annuity is worth less than a life estate in the farm.

• Therefore, C’s life annuity is computed as follows:C’s Annuity $5,000 × 14.245 = $ 71,225B’s Reversionary — Remainder Interest Value of farm$480,000 Less: C’s annuity$ 71,225$408,775Total annuity and reversion — remainder $480,000 NOTE: In this example, the $5,000 annuity is worth less than a life estate in the farm.

• Therefore, C’s life annuity is computed as follows:C’s Annuity $5,000 × 14.245 15.436 = $ 71,225 $ 77,180B’s Reversionary — Remainder Interest Value of farm$480,000 Less: C’s annuity$ 71,225$408,775 $ 77,180$402,820Total annuity and reversion — Remainder $480,000 NOTE: In this example, the $5,000 annuity is worth less than a life estate in the farm.

• Excluding the contribution of Winterthur, fees and revenues increased by €3 million (+2%).Winterthur contribution amounted to €13 million.Net technical margin increased by €1 million to €57 million on a reported basis.

• Therefore, C’s life annuity is computed as follows:C’s Annuity $5,000 × 15.436 = $ 77,180B’s Reversionary — Remainder Interest Value of farm$480,000 Less: C’s annuity$ 77,180$402,820Total annuity and reversion — Remainder $480,000 NOTE: In this example, the $5,000 annuity is worth less than a life estate in the farm.

• The Worker must:Step 1: Verify the amount of potential annual income.Step 2: Using the client's age as of his last birthday, determine the Remainder Interest Value in Appendix B.Step 3: Multiply the Step 2 amount by the Step 1 amount to determine the uncompensated value.Step 4: The result from Step 3 is divided by the average monthly nursing facility private pay rate of $6,482 to determine the penalty period.

• Therefore, C’s life annuity is computed as follows: C’s Annuity $5,000 × 14.245 = $ 71,225 B’s Reversionary — Remainder Interest Value of farm $480,000 Less: C’s annuity $ 71,225 $408,775 Total annuity and reversion — remainder $480,000 Note: In this example, the $5,000 annuity is worth less than a life estate in the farm.

• The Worker must: Step 1:Verify the amount of potential annual income.Step 2:Using the client's age as of his last birthday, determine the Remainder Interest Value in Appendix B.Step 3:Multiply the Step 2 amount by the Step 1 amount to determine the uncompensated value.Step 4:The result from Step 3 is divided by the average monthly nursing facility private pay rate for the State to determine the penalty period.

• The Worker must:Step 1: Verify the amount of potential annual income.Step 2: Using the client's age as of his last birthday, determine the Remainder Interest Value in Appendix B.Step 3: Multiply the Step 2 amount by the Step 1 amount to determine the uncompensated value.Step 4: The result from Step 3 is divided by the average monthly nursing facility private pay rate of $5,751 to determine the penalty period.