Party Pooled Special Needs Trust Sample Clauses

Party Pooled Special Needs Trust for the benefit of (Name of Beneficiary) for deposits into the Beneficiary’s sub-account. • Checks can be received at any time. • Direct deposits can be arranged – contact CCT for more information. 1 Mutual funds, money market funds, and exchange-traded funds (ETFs) also charge internal management fees, which are disclosed in the fund's prospectus and deducted from the net asset value of the funds. Any additional investment or custodial fees will be disclosed in advance. True Link may engage additional third parties who may charge additional fees. Ongoing Fees Deducted from the Funded Sub-Account • CCT Consultation Fee – 0.50% of the average daily balance of the sub-account, per year, prorated on a monthly basis. • True Link Financial Advisors, LLC’s Investment Management Fee – 0.34% of the average daily balance of the assets under management in the sub-account, per year, prorated on a quarterly basis. • True Link Financial, Inc.’s Annual Record-keeping Fee – $150 per year, prorated on a quarterly basis. • Capital First Annual Trustee Fee – $100 per year, prorated on a quarterly basis Termination Fees • CCT Termination Fee – $500, when the Beneficiary passes away or the account is moved. For Military Survivor Benefit Plan (SBP) Trusts ONLY • Because the SBP trust will be funded by fixed monthly payments, the minimum initial funding requirement does not apply. • All SBP trusts require a CCT enrollment fee of $1,250, regardless of total funding amount. Make check payable to Commonwealth Community Trust. Enrollment fees for SBP trusts cannot be deducted from the sub-account, as it will not be funded upon joining. • An initial account deposit of $10.00 is required. Make checks payable to CCT First-Party PSNT f/b/o (Name of Beneficiary) or Commonwealth Community Trust First-Party Pooled Special Needs Trust for the benefit of (Name of Beneficiary). • No additional fees will be charged until the first MSB payment is received by CCT. * For investment management services, the Trust is the client, not the beneficiary. Mutual funds, money market funds, and exchange-traded funds (ETFs) also charge internal management fees, which are disclosed in the fund's prospectus and deducted from the net asset value of the funds. Any additional investment or custodial fees will be disclosed in advance. True Link may engage additional third parties who may charge additional fees. *Accounts having a balance below $25.00 will be closed, and a check for the account balance will be ma...
Sample 1Sample 2See All (6)
AutoNDA by SimpleDocs
Party Pooled Special Needs Trust. In order for a Beneficiary of a First‐Party Pooled Special Needs Trust to have funds in a trust, federal and state law requires that upon the Beneficiary’s death, the state or states will have a claim against the trust for any money that the state or states’ Medicaid program has paid out on his or her behalf that is not retained by a nonprofit organization. It is important to note that the Third‐Party Pooled Special Needs Trust does not require a Medicaid payback upon the Beneficiary’s death. Medicare – A health care program operated and funded by the federal government for senior citizens, people 65 years of age or older; and people with specific disabilities.
Sample 1Sample 2Sample 3See All (4)
Party Pooled Special Needs Trust. Self‐funded by the individual with special needs as a result of a personal injury award, Social Security back payment, direct inheritance, or other reason. For a Beneficiary who receives Medicaid, this is a Medicaid payback trust. Upon the death of the Beneficiary, Medical Assistance Services will be repaid for its expenditures during the Beneficiary’s lifetime. This type of trust must be irrevocable by law. Grantor – The person who establishes the special needs trust and is generally the person whose assets fund the trust. Irrevocable Trust – Refers to any trust which cannot be undone or changed. The Pooled Special Needs Trust is irrevocable by law. An irrevocable trust is a legal agreement whose terms cannot be changed by the creator, or grantor, who establishes the trust, chooses a trustee, and names the beneficiary or beneficiaries. The trust document names a trustee who is responsible for managing the assets in the best interests of the beneficiary or beneficiaries and carrying out the wishes the creator has expressed. Joinder Agreement – The legal document that allows the Beneficiary to have a sub‐account with a Pooled Special Needs Trust. The Joinder Agreement for GCT of AADD needs to be completed and notarized. Letter of Intent –The Letter of Intent provides Pooled Special Needs Trust Advisory Co‐ Trustee’s the opportunity to elaborate on his/her vision and goals for the trust and to share with the Trustee information about the Beneficiary which can include special interests, likes and dislikes.
Sample 1Sample 2See All (4)
Party Pooled Special Needs Trust for the benefit of (Name of Beneficiary) for deposits into the Beneficiary’s sub-account. • Checks can be received at any time. • Direct deposits can be arranged – contact CCT for more information. Ongoing Fees Deducted from the Funded Sub-Account • CCT Consultation Fee – 0.50% of the average daily balance of the sub-account, per year, prorated on a monthly basis. • True Link Financial Advisors, LLC’s Investment Management Fee – 0.34% of the average daily balance of the assets under management in the sub-account, per year, prorated on a quarterly basis. • True Link Financial, Inc.’s Annual Record-keeping Fee – $150 per year, prorated on a quarterly basis. • Capital First Annual Trustee Fee – $100 per year, prorated on a quarterly basis Termination Fees • CCT Termination Fee – $500, when the Beneficiary passes away or the account is moved. * For investment management services, the Trust is the client, not the beneficiary. Mutual funds, money market funds, and exchange-traded funds (ETFs) also charge internal management fees, which are disclosed in the fund's prospectus and deducted from the net asset value of the funds. Any additional investment or custodial fees will be disclosed in advance. True Link may engage additional third parties who may charge additional fees. *Accounts having a balance below $25.00 will be closed, and a check for the account balance will be made payable to the Beneficiary and mailed to the Advocate. Check which do not clear within 90 days or checks returned due to an insufficient address will be voided and the balance will be paid to CCT as an additional closing fee.
Sample 1

Related to Party Pooled Special Needs Trust

  • Unbundled Sub-Loop Concentration System (USLC 2.9.1 Where facilities permit and where necessary to comply with an effective Commission order, BellSouth will provide <<customer_name>> with the ability to concentrate its sub-loops onto multiple DS1s back to the BellSouth Central Office. The DS1s will then be terminated into <<customer_name>>’s collocation space. TR-008 and TR303 interface standards are available.

  • Telephone Service Prioritization; 4.1.4.11.2 Related services for handicapped;

  • Special Needs Any Passenger with mobility, communication or other impairments, or other special or medical needs that may require medical care or special accommodations during the cruise or CruiseTour, including but not limited to the use of any service animal, must notify the Carrier of any such condition at the time of booking. Xxxxxxxxx agrees to accept responsibility and reimburse Carrier for any loss, damage or expense whatsoever related to the presence of any service animal brought on board the Vessel or Transport. Passengers acknowledge and understand that certain international safety requirements, shipbuilding standards, and/or applicable regulations involving design, construction or operation of the Vessel may restrict access to facilities or activities for persons with mobility, communication or other impairments or special needs. Passengers requiring the use of a wheelchair must provide their own wheelchair (that must be of a size and type that can be accommodated on the Vessel) as wheelchairs carried on board are for emergency use only.

  • PARTICIPATION, CONTRACT ACCESS, AND PARTICIPATING ENTITY REQUIREMENTS A. PARTICIPATION. Sourcewell’s cooperative contracts are available and open to public and nonprofit entities across the United States and Canada; such as federal, state/province, municipal, K-12 and higher education, tribal government, and other public entities. The benefits of this Contract should be available to all Participating Entities that can legally access the Equipment, Products, or Services under this Contract. A Participating Entity’s authority to access this Contract is determined through its cooperative purchasing, interlocal, or joint powers laws. Any entity accessing benefits of this Contract will be considered a Service Member of Sourcewell during such time of access. Supplier understands that a Participating Entity’s use of this Contract is at the Participating Entity’s sole convenience and Participating Entities reserve the right to obtain like Equipment, Products, or Services from any other source. Supplier is responsible for familiarizing its sales and service forces with Sourcewell contract use eligibility requirements and documentation and will encourage potential participating entities to join Sourcewell. Sourcewell reserves the right to add and remove Participating Entities to its roster during the term of this Contract.

  • TOOL STORAGE 1. A company shall provide on all construction jobs in towns and cities, and elsewhere where reasonably necessary and practicable (or if requested buy the employee), a suitable and secure waterproof lock-up solely for the purpose of storing employees’ tools, and on multi-storey and major projects the company shall provide, where possible, a suitable lock-up for employees’ tools within a reasonable distance of the work area of large groups of employees.

  • SHOPPING CENTRES 1. The general terms and provisions of the VBIA shall apply to “Shopping Centres” (as defined) with the following variations:

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • FUND TRANSFER FACILITIES VIA TBS The Account Holder may apply, in accordance with the Bank’s prescribed procedure then prevailing and the Bank may, in its reasonable discretion, permit the Account Holder to operate such fund transfer facilities via the TBS, including without limitation, GIRO or direct debit banking system as may be made available by the Bank from time to time. The Account Holder acknowledges that the operation of such fund transfer facilities shall be subject to the relevant terms and conditions governing such facilities.

  • Unbundled Subloop Distribution (USLD) 2.8.2.1 The USLD facility is a dedicated transmission facility that BellSouth provides from an End User’s point of demarcation to a BellSouth cross-connect device. The BellSouth cross-connect device may be located within a remote terminal (RT) or a stand-alone cross-box in the field or in the equipment room of a building. The USLD media is a copper twisted pair that can be provisioned as a 2-wire or 4-wire facility. BellSouth will make available the following subloop distribution offerings where facilities exist: USLD – Voice Grade (USLD-VG) Unbundled Copper Subloop (UCSL) USLD – Intrabuilding Network Cable (USLD-INC (aka riser cable))

  • LIS Entrance Facilities 7.3.1.1.1 Recurring and nonrecurring rates for LIS Entrance Facilities are specified in Exhibit A and will apply for those DS1 or DS3 facilities dedicated to use as LIS.

Time is Money Join Law Insider Premium to draft better contracts faster.