George Washington set a lot of precedent's while he was in office. For example; in 1796, he published his Farewell Address. In it, he announced that he retired. Washington a â¦ lso set another important precedent at the end of his second term in 1796.
What Is a Trust Statement? Trusts are an important part of an estate planning process, and can save a grantor and his beneficiaries valuable time and money. When the grantor of an estate dies, the responsibility of managing the trust and distributing funds to beneficiaries falls to the estate trustee.
A trust is a legal arrangement that allows property to be held for the benefit of a named beneficiary. There are a variety of trusts that can fit almost any legal purpose. However, if a trust is not a grantor trust or the trust is created by two or more people, you will need to set up a tax identification number for the trust. A grantor trust is a living revocable trust in which the grantor maintains control of the trust and is the primary beneficiary.