In Trust For. Accounts. If an Account is designated as an "in trust for" account, then the Account is a tentative trust or "Xxxxxx Trust" Account, which is revocable by you at will during your life, and all funds in the Account are owned solely and outright by you. As long as you are alive, all funds shall remain solely in your control, shall be solely for your use, and shall be paid solely in accordance with your directions. However, if you die, we may pay all funds in the Account in equal and undivided shares to all the individuals designated as beneficiaries who are then alive. If the beneficiary is less than 21 years old at the time of your death, we, in our sole discretion, may withhold payment of such beneficiary's share and pay that amount when such beneficiary becomes 21 years of age or when a guardian is appointed for such beneficiary. If any beneficiary remains alive after you have died but dies before payment is made to him or her hereunder, any such payment may be made to whomever we believe to be the personal representative, executor or similar representative of the beneficiary's estate. In all other cases, payment to be made to a beneficiary may be made, in our sole discretion, to such beneficiary directly or to whomever we believe to be his or her guardian or other appropriate representative. If, and for so long as, an "in trust for" Account has two or more joint account holders, the Account, although an "in trust for" Account, shall be governed by the provisions of this Agreement regarding joint accounts generally. If we become aware of conflicting demands or of a dispute relating to the Account or receive inconsistent instructions relating to the Account, then we may, in our sole discretion and without limiting our rights under applicable law, require the signatures or consents of all Account Holders (and/ or of all the beneficiaries or other persons asserting claims or interests in the Account) before permitting disposition of any funds in the Account. In no event shall we be obligated to release any funds until it is satisfied it may do so without incurring liability or potential liability (including without limitation liability or potential liability for any estate tax). If, and to the extent that, the Account or any funds therein are pledged to us or any third party as security, the tentative trust established in respect of the Account shall be deemed to be revoked, but immediately upon the termination of such pledge, the Account shall automatically...
