Common use of Revocable Trust Accounts Clause in Contracts

Revocable Trust Accounts. An account which is opened by a trustee for the benefit of another person. Only the trustee may withdraw funds from such an account. In the event of the death of the last trustee on the account, payment may be made to the beneficiary of the account or that person’s legal representative.

Appears in 8 contracts

Samples: Account Agreement, Combined Account Disclosure, Account Agreement

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