Common use of Optional Percentage for Other Trust Beneficiaries Clause in Contracts

Optional Percentage for Other Trust Beneficiaries. The Account Founder may choose to have some or all of the funds remaining in the Beneficiary’s Individual Trust Account be retained by the Trustee and held in the BIAWA Pooled Third Party Special Needs Trust for the benefit of other beneficiaries. The Trustee will determine the timing and amount paid to the other beneficiaries. Percentage Retained by Trust for Other Beneficiaries: %

Appears in 5 contracts

Samples: Joinder Agreement, Joinder Agreement, Joinder Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!