What happens if the Beneficiary dies while the trust is still active? Who gets the remaining money in the trust?

November 13, 2020

If the Beneficiary dies, Community Fund is legally required to distribute the remaining funds according to the instructions in the trust documents (Joinder Agreement) and then close the trust with a zero balance. Depending on the type of trust and the Joinder Agreement instructions, the trust may be required to pay the remainder to Medicaid or to designated individuals or charities, or the funds may be retained by Community Fund or one of its partner nonprofit organizations.