A Joinder Agreement is the contract by which a beneficiary enrolls as a participant in the trust. The beneficiary or the beneficiary’s legal representative (“beneficiary advocate”) is required to sign the Joinder Agreement. The Advocate Acceptance of Duties form will make the advocate a party to the Joinder Agreement.
The Joinder Agreement establishes an individual account with the trust for the benefit of a beneficiary. The Joinder Agreement also contains information about the beneficiary, the beneficiary’s legal representative (if any), any final remainder beneficiaries, and the rights and obligations of the parties.
By execution of the Joinder Agreement and related enrollment documents, the parties to the Joinder Agreement agree to the terms of the trust and acknowledge that upon the funding of a beneficiary’s individual account with the contributed amount, the beneficiary shall relinquish and release all control over the assets in the individual account.
For more information on the Joinder Agreement, please click here