Distributions of the Remainder upon the Beneficiary’s death. Upon the death of the Beneficiary, the remainder of funds left in the Sub-Account will be used first to pay the LSS Remainder Share (equal to a minimum 10% of the value of the Sub-Account). If there are funds remaining in the Beneficiary’s Sub-Account after the Trust’s Remainder Share has been satisfied, the Remaining Assets shall pass according to the Beneficiary Designation of Schedule B to this Joinder Agreement.
Distributions of the Remainder upon the Beneficiary’s death. All unspent amounts in the Beneficiary’s Sub-Account at the Beneficiary’s death (after payment of the LSS Remainder Share) must be used to reimburse the state or states for medical services received (“State Reimbursement Claims”). If there are funds remaining in the Beneficiary’s Sub-Account after the Trust’s Remainder Share has been satisfied and after the State claims have been satisfied, and after payment of taxes plus any allowable expenses, the remaining amounts are available to be distributed to the Remainder Beneficiaries appointed under Schedule B of this Joinder Agreement.
Distributions of the Remainder upon the Beneficiary’s death. All unspent amounts in the Beneficiary’s Sub-Account at the Beneficiary’s death must be used to reimburse the state or states for medical services received (“State Reimbursement Claims”). If there are funds remaining in the Beneficiary’s Sub- Account after the State claims have been satisfied, and after payment of taxes plus any allowable expenses, the remaining amounts are available to be distributed to the Remainder Beneficiaries appointed under Schedule B of this Joinder Agreement.
Distributions of the Remainder upon the Beneficiary’s death. All unspent amounts in the Beneficiary’s Sub-Account at the Beneficiary’s death (after payment of the LSS Remainder Share) must be used to reimburse the state or states for medical services received (“State Reimbursement Claims”). If there are funds remaining in the Beneficiary’s Sub-Account after the Trust’s Remainder Share has been satisfied and after the State claims have been satisfied, and after payment of taxes plus any allowable expenses, the remaining amounts are available to be distributed to heirs or descendants of the Grantor as provided under Section 3 of this Joinder Agreement.
