Special Beneficiary definition

Special Beneficiary means Equis Financial Group in its capacity as Special Beneficiary pursuant to this Agreement, together with its successors and assigns in such capacity.
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Special Beneficiary means the beneficiary of the Special Trust as determined pursuant to Paragraph 9.N(v).
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Special Beneficiary means a person who meets the criteria set out in section 9 of The Prescription Drugs Regulations, 1993 (Saskatchewan);
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Examples of Special Beneficiary in a sentence

  • Upon any purported Transfer or Event that results in an exchange of Shares for Excess Shares pursuant to Paragraph 9.C, such Excess Shares shall be deemed to have been transferred to PREIT, as trustee of a Special Trust for the exclusive benefit of the Special Beneficiary or Special Beneficiaries to whom an interest in such Excess Shares may later be transferred pursuant to Paragraph 9.N(v).

  • Special Beneficiary Rules for a Brokerage IRA If you name multiple primary beneficiaries or multiple secondary beneficiaries for a Brokerage IRA in which you owned different mutual funds or individual securities upon your death, your beneficiaries may not choose specific funds or securities to which they are entitled.

  • To the extent possible, the Trustee shall pay providers of goods and services for a Special Beneficiary directly or make disbursements to other appropriate persons under an agreement to pay for such items and shall not make distributions to a Special Beneficiary directly, unless minor amounts are specifically allowed pursuant to a benefit program, such that any such distributions will not risk benefit disqualification or adverse consequences for a Special Beneficiary.

  • The Trustee may pay any legal fees or other costs of legal compliance or of civil or criminal defense or to assert legal rights or claims related to a Special Beneficiary.

  • No disabled Special Beneficiary with personal special needs (see Section 3.2) shall have any such power of withdrawl.

  • The affected trust estate shall not be used to provide for institutional care or to provide basic food, clothing, and shelter, nor be available to the beneficiary for conversion for such items, and shall not be used in any manner which would disqualify a Special Beneficiary for any local, state, and federal benefits for which the Special Beneficiary is, or would otherwise be, eligible as a result of disability, handicap, or illness of the Special Beneficiary or of the Special Beneficiary’s parent.

  • The Trust Protector, or if none is serving, the Trustee, of the trust may in the sole discretion of such Trust Protector or Trustee, amend its terms retroactively or prospectively to the extent necessary or appropriate to comply with applicable law, to prevent disqualification for governmental or other benefits of any Special Beneficiary, or to otherwise meet the express purposes of the trust.

  • The affected trust estate shall be used, if at all, only to supplement other benefits received by a Special Beneficiary.

  • They are also intended to allow any Special Beneficiary to qualify for governmental or other benefits and not to disqualify them from such benefits so that the maximum resources may be available for Special Beneficiaries.

  • The Trustee may pay all or any portion of any taxes (including interest and penalties) of any kind payable to any jurisdiction by a Special Beneficiary or by the trust and any cost (including legal and accounting fees) of tax return preparation, tax compliance, or challenging any tax claim, assessment, or threatened assessment of any taxing authority in any jurisdiction.

Related to Special Beneficiary

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Special benefit means a particular and distinct benefit over and above general benefits conferred on real property located in the district or to the public at large. General enhancement of property value does not constitute “special benefit.”

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Beneficiary(ies means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • land reform beneficiary , in relation to a property, means a person who -

  • Spouse means, an individual who,

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • material benefit means a benefit which may not be financial but has a monetary value;

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • UTI Beneficiary means NILT Trust, in its capacity as the initial beneficiary of the Titling Trust.

  • Representative payee means an individual, agency, or institution selected by a court or the Social Security Administration to receive and manage benefits on behalf of another person.

  • Third Party Beneficiary means each of the non-NHS bodies set out in the list attached at Schedule 1, as supplied from time to time by the Authority to the Contractor;

  • Settlor means a person, including a testator, who creates, or contributes property to, a trust. If more than one person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to that person's contribution except to the extent another person has the power to revoke or withdraw that portion.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.