Common use of Distribution Upon Death Clause in Contracts

Distribution Upon Death. Pursuant to Paragraph 11.1 of The Marquette Asset Protection Trust Agreement of Marquette Bank, after the death of the Participant, the Trustee shall issue payment of any reasonable expenses for the trust administration and payment for any taxes due from the Trust to the State(s) and/or Federal government due to the death of the Participant.

Appears in 2 contracts

Sources: Participation Agreement, Participation Agreement