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 entity in which assets become the property of the trust, and are overseen by a trustee. A trust can own anything from real estate, investment and banking accounts, vehicles, and other assets. The trust also has a beneficiary, just like a life insurance policy.