Common use of Distribution of Remainder Upon Termination of Beneficiary’s IBA Clause in Contracts

Distribution of Remainder Upon Termination of Beneficiary’s IBA. a. Termination after the Death of a Beneficiary. Upon the death of a Trust Beneficiary, verified by a copy of the deceased Beneficiary’s death certificate, any amounts that will remain in a deceased Beneficiary’s IBA shall be distributed under one of the following options:  One hundred percent (100%) shall be retained by the Trust as surplus Trust property and administered and distributed by the Trustee in its sole and absolute discretion in accord with the following provisions.

Distribution of Remainder Upon Termination of Beneficiary’s IBA. a. Termination after the Death of a Beneficiary. Upon the death of a Trust Beneficiary, verified by a copy of the deceased Beneficiary’s death certificate, any amounts that will remain in a deceased Beneficiary’s IBA shall be distributed under one of the following options:  🞎 One hundred percent (100%) shall be retained by the Trust as surplus Trust property and administered and distributed by the Trustee in its sole and absolute discretion in accord with the following provisions.

Distribution of Remainder Upon Termination of Beneficiary’s IBA. a. Termination after the Death of a Beneficiary. A Trust Beneficiary’s IBA may only be terminated upon the death of a Trust Beneficiary. Upon the death of a Trust Beneficiary, verified by a copy of the deceased Beneficiary’s death certificate, any amounts that will remain remaining in a deceased Beneficiary’s IBA shall be distributed under one of the following options: Option One  One hundred percent (100%) shall be retained by the Trust as surplus Trust property and administered and distributed by the Trustee in its sole and absolute discretion in accord with the following provisions: .