Common use of At Designated Beneficiary’s Age 30 Clause in Contracts

At Designated Beneficiary’s Age 30. Any balance in a Xxxxxxxxx ESA on the date the Designated Beneficiary attains age 30 must be distributed within thirty (30) days of that date, unless the Designated Beneficiary is a “special needs” Designated Beneficiary. • If the balance of the Xxxxxxxxx ESA is not distributed within that thirty (30) day period, the account balance will be deemed to have been distributed on that date. • Any balance in a Xxxxxxxxx ESA established for a “special needs” Designated Beneficiary is not required to be distributed after the Designated Beneficiary attains age 30.

At Designated Beneficiary’s Age 30.  Any balance in a Xxxxxxxxx ESA on the date the Designated Beneficiary attains age 30 must be distributed within thirty (30) days of that date, unless the Designated Beneficiary is a “special needs” Designated Beneficiary. •  If the balance of the Xxxxxxxxx ESA is not distributed within that thirty (30) day period, the account balance will be deemed to have been distributed on that date. •  Any balance in a Xxxxxxxxx ESA established for a “special needs” Designated Beneficiary is not required to be distributed after the Designated Beneficiary attains age 30.