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 living trust is a legal document that, just like a will, contains your instructions for what you want to happen to your assets when you die. But, unlike a will, a living trust can avoid probate at death, control all of your assets, and prevent the court from controlling your assets if you become incapacitated. 8.