Common use of Distributions of the Remainder upon the Beneficiary’s death Clause in Contracts

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.