Common use of Death of the Designated Beneficiary Clause in Contracts

Death of the Designated Beneficiary. You may name a Designated Death Beneficiary for a Xxxxxxxxx ESA. To receive the Xxxxxxxxx ESA assets, the Designated Death Beneficiary must be a Family Member, and must be under age 30 when the Designated Beneficiary dies. • If the Designated Death Beneficiary predeceases the Designated Beneficiary, or the Designated Death Beneficiary attains age 30 before the Designated Beneficiary’s death, all assets will be paid to the estate of the Designated Beneficiary. • Alternately, a Xxxxxxxxx ESA may be transferred to (or redesignated as) a Xxxxxxxxx ESA for a Family Member who is under age 30. The transfer or redesignation must be done within thirty (30) days after the Designated Beneficiary’s death.

Death of the Designated Beneficiary. You may name a Designated Death Beneficiary for a Xxxxxxxxx ESA. To receive the Xxxxxxxxx ESA assets, the Designated Death Beneficiary must be a Family Member, and must be under age 30 when the Designated Beneficiary dies. • If the Designated Death Beneficiary predeceases the Designated Beneficiary, or the Designated Death Beneficiary attains age 30 before the Designated Beneficiary’s death, all assets will be paid to the estate of the Designated Beneficiary. • Alternately, a Xxxxxxxxx ESA may be transferred to (or redesignated as) a Xxxxxxxxx ESA for a Family Member who is under age 30. The transfer or redesignation must be done within thirty (30) days after the Designated Beneficiary’s death.age

Death of the Designated Beneficiary.  You may name a Designated Death Beneficiary for a Xxxxxxxxx ESA. To receive the Xxxxxxxxx ESA assets, the Designated Death Beneficiary must be a Family Member, and must be under age 30 when the Designated Beneficiary dies. •  If the Designated Death Beneficiary predeceases the Designated Beneficiary, or the Designated Death Beneficiary attains age 30 before the Designated Beneficiary’s death, all assets will be paid to the estate of the Designated Beneficiary. •  Alternately, a Xxxxxxxxx ESA may be transferred to (or redesignated as) a Xxxxxxxxx ESA for a Family Member who is under age 30. The transfer or redesignation must be done within thirty (30) days after the Designated Beneficiary’s death.