Common use of Locating Final Remainder Beneficiaries Clause in Contracts

Locating Final Remainder Beneficiaries. The Account Founder acknowledges that the Trustee may incur additional costs if Final Remainder Beneficiaries of the Individual Trust Account cannot be located easily. The Account Founder acknowledges and agrees that entities representing the Trustee may recover their reasonable costs and expenses associated with locating such beneficiaries from the Individual Trust Account prior to disbursement pursuant to the provisions above.

Locating Final Remainder Beneficiaries. The Account Founder acknowledges that the Trustee may incur additional costs if the Final Remainder Beneficiaries of the Individual Trust Account cannot be located easily. The Account Founder acknowledges and agrees that entities representing the Trustee may recover their reasonable costs and expenses associated with locating such beneficiaries from the Individual Trust Account prior to disbursement pursuant to the provisions above.