Common use of Distributions after the Death of the Depositor Clause in Contracts

Distributions after the Death of the Depositor. If you are a Beneficiary and have inherited an IRA from a Depositor who died after reaching RBD, you must generally begin receiving distributions by December 31 of the year following the year of the Depositor’s death. Special rules apply for spousal beneficiaries and entities. Special rules may also apply to beneficiaries who are not citizens or other Persons of the United States. Successor Beneficiaries must continue distributions under the original Beneficiary’s payment schedule, unless faster distribution is required. Please refer to Article IV of your Custodial Agreement for additional information on death distribution requirements. MISCELLANEOUS The following information may apply to both Depositors and Beneficiaries, except as otherwise clearly indicated. Other Considerations With Respect to the Account.

Distributions after the Death of the Depositor. If you are a Beneficiary and have inherited an IRA from a Depositor who died after reaching RBD, you must generally begin receiving distributions by December 31 of the year following the year of the Depositor’s death. Special rules apply for spousal beneficiaries and entities. Special rules may also apply to beneficiaries who are not citizens or other Persons of the United States. Successor Beneficiaries must continue distributions under the original Beneficiary’s payment schedule, unless faster distribution is required. Please refer to Article IV of your Custodial Agreement for additional information on death distribution requirements. MISCELLANEOUS The following information may apply to both Depositors and Beneficiaries, except as otherwise clearly indicated. Other Considerations With Respect to the Account.

Distributions after the Death of the Depositor. If you are a Beneficiary and have inherited an IRA from a Depositor who died after reaching RBD, you must generally begin receiving distributions by December 31 of the year following the year of the Depositor’s death. Special rules apply for spousal beneficiaries and entitiesentity beneficiaries. Special rules may also apply to beneficiaries benefi- ciaries who are not citizens or other Persons persons of the United States. Successor Beneficiaries must continue distributions under the original Beneficiary’s payment schedule, unless faster distribution is required. Please refer to Article IV of your Custodial Agreement for additional information on death distribution requirements. MISCELLANEOUS The following information may apply to both Depositors and Beneficiaries, except as otherwise clearly indicated. Other Considerations With Respect to the Account.

Distributions after the Death of the Depositor. If you are a Beneficiary and have inherited an IRA IXX from a Depositor who died after reaching RBD, you must generally begin receiving distributions by December 31 of the year following the year of the Depositor’s death. Special rules apply for spousal beneficiaries and entitiesentity beneficiaries. Special rules may also apply to beneficiaries benefi- ciaries who are not citizens or other Persons persons of the United States. Successor Beneficiaries must continue distributions under the original Beneficiary’s payment schedule, unless faster distribution is required. Please refer to Article IV of your Custodial Agreement for additional information on death distribution requirements. MISCELLANEOUS The following information may apply to both Depositors and Beneficiaries, except as otherwise clearly indicated. Other Considerations With Respect to the Account.