Common use of Contributions to the Trust Clause in Contracts

Contributions to the Trust. (a) Grantor shall be required to make such monthly contributions as are required by Medicaid (estimates based upon the amount set forth in the Grantor Background Information Sheet). In the event the amount in Grantor’s sub-account falls to less than $50 for more than 2 months, Trustee may close the account and remove Grantor from the Trust. (b) Any additional contributions to the sub-account by Grantor or any other party shall be deemed to be Trust property and shall be used solely for the benefit of the Grantor pursuant to the terms of the Trust.

Appears in 8 contracts

Samples: Trust Joinder Agreement, Trust Joinder Agreement, Trust Joinder Agreement

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Contributions to the Trust. (a) Grantor Grantors shall be required to make such monthly contributions as are required by Medicaid (estimates based upon the amount set forth in the Grantor Background Information Sheet). In the event the amount in Grantor’s Grantors’ sub-account falls to less than $50 for more than 2 months, Trustee may close the account and remove Grantor Grantors from the Trust. (b) Any additional contributions to the sub-account by Grantor Grantors or any other party shall be deemed to be Trust property and shall be used solely for the benefit of the Grantor Grantors pursuant to the terms of the Trust.

Appears in 1 contract

Samples: Trust Joinder Agreement

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