Common use of Request by Grantor Regarding Use of Funds Clause in Contracts

Request by Grantor Regarding Use of Funds. The Grantor recognizes that all distributions from a Beneficiary’s Trust sub-account are at the Trustee’s sole discretion. While recognizing that the trustee will make distributions only for the Beneficiary’s supplemental needs and supplemental care, the Grantor may, and is encouraged to, express desires as to how assets in the Trust sub-account may be used on behalf of the Beneficiary during the Beneficiary’s lifetime.

Appears in 3 contracts

Samples: Pooled Trust Joinder Agreement, Joinder Agreement, Pooled Trust Joinder Agreement

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Request by Grantor Regarding Use of Funds. The Grantor recognizes that all distributions from a Beneficiary’s Trust sub-account are at the Trustee’s sole discretion. While recognizing that the trustee Trustee will make distributions only for the Beneficiary’s supplemental needs and supplemental care, the Grantor may, and is encouraged to, express desires as to how assets in the Trust sub-account may might be used on behalf of the Beneficiary during the Beneficiary’s lifetime.

Appears in 2 contracts

Samples: Guardian Pooled Trust Joinder Agreement, Guardian Pooled Trust Joinder Agreement

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