Define: Dependent Family Member

How is Dependent Family Member defined in a legal contract?

• Dependent Family Member means a family member that needs financial support from an individual. This can include a grandparent who is financially dependent on the individual. Seen in 36 SEC filings.
• Dependent Family Member means a spouse, parent, children or any other person who relies financially on an employee. Seen in 18 SEC filings.
• Dependent Family Member means any family member who lives with the principal and relies on them, with their income not exceeding the basic social welfare grant as envisaged in the relevant legislation. Seen in 6 SEC filings.
• Dependent Family Member means the employee’s spouse, children under a certain age, and other persons including dependent parents as declared by certain principles. Seen in 2 SEC filings.
• Dependent Family Member means a child, parent, or sibling of an institutionalized individual who resides with the community spouse, or in the home of the individual if there is no community spouse, who may be claimed as a dependant as per relevant tax regulations. Seen in 2 SEC filings.
• Dependent Family Member means a natural, adoptive, or step-child, parent, or sibling of an institutionalized individual who is or could be claimed as a dependant for the most recent tax year by the institutionalized individual or their spouse. Seen in 2 SEC filings.
• Dependent Family Member means the individual’s spouse, children under a certain age, and other persons including dependent parents of the individual as declared by the individual's principles. Seen in 2 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of dependent family member' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1 (Dependent Family Member means a relative that financially relies on an individual, as governed by applicable law)

Relevant Contract Types

• Life Insurance Policies
• Last Will and Testament
• Prenuptial Agreements
• Alimony Agreements
• Trust Agreements
• Child Support Agreements

Relevant Circumstances

• Distribution of financial assets after the demise of an individual
• In case of divorce where family support is considered
• Identifying beneficiaries of insurance policies

Relevant Sectors

• Insurance Industry
• Legal Sector

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Genie Definition 2 (Dependent Family Member means a relative living with the principal whose income does not exceed [amount], as per the basic social welfare grant)

Relevant Contract Types

• Social Housing Contracts
• Welfare Benefits Agreement

Relevant Circumstances

• Determining eligibility for social welfare benefits
• Determining eligibility for subsidized housing

Relevant Sectors

• Public Sector
• Real Estate

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