Sub-Trust Account definition
Examples of Sub-Trust Account in a sentence
Amounts in the Remainder Sub-Trust Account shall also be available to the Trustee to meet any administrative and/or operating expenses incurred by the Trust.
To the extent that amounts remaining in a Beneficiary's account upon the death of the Beneficiary are not retained by the Trust and credited to the Remainder Sub-Trust Account, to be used in furtherance of the purpose of the Trust, the Trust shall pay to the States from such deceased Beneficiary's account any remaining amounts equal to the total amount of medical assistance paid on behalf of the Designated Beneficiary under the State Medicaid plan pursuant to 42 USCS §§ 1396 et seq.
Amounts in the Remainder Sub-Trust Account may be used for the purpose of providing direct supplemental needs assistance to any individual who is disabled pursuant to Social Security Law Section 1614(a)(3) [42 USC 1382c(a)(3)], whether or not such individual is a current beneficiary of the Trust.
A Remainder Sub-Trust Account shall be defined as an account consisting of any amounts remaining in any deceased beneficiary’s account.
Amounts in the Remainder Sub-Trust Account shall also be available to the Trustees for the purpose of providing indirect supplemental needs assistance to or on behalf of individuals with disabilities.
The Trustees shall have the sole and absolute right to accept or refuse additional deposits to the Sub-Trust Account.
Amounts in the “Remainder Sub-Trust Account shall also be available to the Trustee to meet any administrative and/or perating expenses incurred by the Trust.
To the extent that amounts remaining in a Designated Beneficiary's account upon the death of the Designated Beneficiary are not retained by the Trust and credited to the Remainder Sub-Trust Account, to be used in furtherance of the purpose of the Trust, the Trust shall pay to the States from such deceased Designated Beneficiary’s account any remaining amounts equal to the total amount of medical assistance paid on behalf of the Designated Beneficiary under the State plan pursuant to 42 USCS §§ 1396 et seq.
To the extent that amounts remaining in a Disabled Beneficiary’s account upon the death of the Beneficiary are not retained by the trust and credited to the Remainder Sub-Trust Account, to be used in furtherance of the purpose of the Trust, the Trust shall pay to the State(s) from such deceased Designated Beneficiary’s account any remaining amounts equal to the total amount of medical assistance paid on behalf of the Designated Beneficiary under the State plan(s) pursuant to 42 USCS §§ 1396 et seq.
To the extent that amounts remaining in a Beneficiary's account upon the death of the Beneficiary are not retained by the trust and credited to the Remainder Sub-Trust Account, to be used in furtherance of the purpose of the Trust, the Trust shall pay to the State from such deceased Beneficiary’s account any remaining amounts equa l to the total amount of medical assistance paid on behalf of the Beneficiary under the State plan pursuant to 42 USCS §§ 1396 et seq.