What happens if the MSA account-holder dies?
In the event the account-holder passes away before the funds in the MSA Custodial Account are totally exhausted, the account will be kept open for 180 days from the date of death to allow any outstanding bills to be paid. (Affiance will ensure that this is done for custodial accounts.)Thereafter, any proceeds remaining in the MSA will be paid to the estate, or the designated remainder beneficiary.
