Facility of payment clause for trust

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August undefined, 2024

WebSep 11, 2024 · Insurance: facility of payment clause, 166 A.L.R. 10. Appealability of order with respect to motion for joinder of additional parties, 16 A.L.R.2d 1023. Corporation's right to interplead claimants to dividends, 46 A.L.R.2d 980. Allowance of attorneys' fees to party interpleading claimants to funds or property, 48 A.L.R.2d 190. WebThe facility of payment clause of a life insurance policy could be applied in all the following situations EXCEPT: The sole beneficiary is a charitable organization that no longer …

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WebFacility of Payment. A payment made under another Plan may include an amount that should have been paid under this CareFirst BlueChoice Plan. If it does, this … WebFacilities Agreement and to highlight certain key borrower issues arising from it of which corporate treasurers should be aware. Whilst the Association of Corporate Treasurers … blantons artwork

facility of payment clause - Academic Dictionaries and Encyclopedias

WebJun 6, 2024 · In the days to come an awakened public will make available vast sums for highway construction, maintenance, transportation. Unless those sums are administered with clear vision, a reaction is inevitable. Clearly this is a public trust of first magnitude, which should be met now by legislation such as the President has called for. WebA facility-of-payment clause is a part of an insurance policy or trust that allows someone to receive payment on behalf of the beneficiary. This means that if the beneficiary is … WebTex. Prop. Code § 142.005 (c) (2). This is not as broad as the facility of payment clauses typically used in an express trust. Can the drafter go beyond the optional statutory language to permit distributions to a custodian under the Texas Uniform Transfers to Minors Act, or to the parent of an adult beneficiary? blantons about

PROPERTY CODE CHAPTER 113. ADMINISTRATION - Texas

Personal and Institutional Trusts Administrative Reviews

WebThe Insurance Policy Payment Provision Is Not a Facility-ofPayment Clause. ¶16 Relying on Section 20-1131(C), Woerth argues the insurance proceeds are deemed payable to a “person other than the insured” because the insurance policy payment provision directing payment to Gottier’s estate is a “facility-of-payment” clause. Webclause 32: role of the agent, the arranger, the issuing bank and others 191 clause 33: conduct of business by the finance parties 192 clause 34: sharing amongst the finance parties 192 clause 35: payment mechanics 193 clause 36: set-off 193 clause 37: notices 194 clause 38: calculations and certificates 195 blantons acronymWebA facility of payment clause is a provision which authorizes direct payment to a person. The proceeds of life insurance on the decedent which is directly payable to a beneficiary is not subject to the Department’s claim. francois scholtz

"WebThe intent of this clause is to discourage individuals from purchasing an insurance policy while contemplating suicide. Owner's Rights (Ownership Provision) The Policyowner retains all rights in the policy. Unless the insured is also … " - Facility of payment clause for trust

Facility of payment clause for trust

Facility of Payment Sample Clauses: 2k Samples Law …

WebApr 6, 2024 · Presentation Transcript. Personal and Institutional Trusts Administrative Reviews FIRMA National Training Conference April 15-19, 2007 David Cormak, Senior Vice President GWIM Compliance Executive Bank of America - St. Louis, Missouri [email protected]. Disclaimer The information contained in this … WebThree different types of financial instruments are available to satisfy your bond requirement: (1) Surety Bond; (2) Trust Agreement, or (3) Trust Fund Agreement. You can use one or any combination of financial instruments to satisfy your required bond amount.

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WebSec. 113.007. TEMPORARY DEPOSITS OF FUNDS. A trustee may deposit trust funds that are being held pending investment, distribution, or the payment of debts in a bank that is subject to supervision by state or federal authorities. However, a corporate trustee depositing funds with itself is subject to the requirements of Section 113.057 of this code. WebApr 4, 2024 · The meaning of FACILITY OF PAYMENT CLAUSE is a clause in an insurance policy permitting the insurer to pay the death benefit to a relative of the insured or to any …

Webthe proceeds or avails of such policy in trust for such persons shall not be deemed a third person beneficiary, assignee or payee. (B) A policy shall be deemed payable to a third person beneficiary if and to the extent that a facility-of-payment clause or similar clause in the policy permits the insurer to discharge its obligation after the WebFeb 14, 2024 · Existing law authorizes the district to issue bonds in accordance with the Revenue Bond Law of 1941 for the purpose of financing the construction, reconstruction, replacement, acquisition, or improvement of any facility or facilities necessary or convenient for the storage, treatment, transmission, or distribution of water for beneficial …

WebThis clause protects the proceeds received by a beneficiary from being confiscated by any creditors to whom the beneficiary owes money. The clause imposes legally binding … WebA facility of payment clause is a provision which authorizes direct payment to a person. The proceeds of life insurance on the decedent which is directly payable to a beneficiary is not subject to the Department’s claim.

WebA facility of payment clause is a provision which authorizes direct payment to a person. The proceeds of life insurance on the decedent which is directly payable to a beneficiary …

Webto unfairly penalize the minor through payment of additional fees and costs. While I believe that the company is technically correct to require that the Will be admitted to probate (to be ... If the Will does not include either the Facility of Payment clause or a default trust for a minor, then C.R.S. §11-50-107(3) authorizes a personal ... blantons 2021 special release honey barrelWebA facility of payment clause is a provision which authorizes direct payment to a person. The proceeds of life insurance on the decedent which is directly payable to a beneficiary … blantons black and redWebA facility-of-payment clause is a provision in an insurance policy or trust that allows someone to receive payment on behalf of the beneficiary. This means that the beneficiary can appoint someone to receive the payment from the insurer or trustee. francois story notarisWebA bond is a written guarantee of payment up to the face amount of the bond if you, as the principal, fail to meet your obligations for the covered business activities. Three different … blantonsbourbonshop.comWebA loan arrangement giving rise to a trust of the money loaned to enable the borrower to carry out a specified purpose, resulting, if the purpose is performed, in a pure debtor … blantons birthdayWebThe specific terms of such trust shall be as agreed to by the parties in good faith; provided, however, that the trustee shall be a financial institution independent of the Company; and … francois ruyer jigsaw puzzles francois the waif