“This notice provides additional guidance on the application of a service recipient’s death under Â§ 409A of the Internal Revenue Code to nonqualified deferred compensation plans. This guidance includes:
- a more precise definition of death (also known as “separation from life”),
- presumptions the Service will apply in determining if a service recipient has experienced a separation from life under Â§ 409A, and
- examples detailing situations that the help illustrate the Treasury’s position on separation from life.”
The rest you will want to read for yourself….