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 (revocable or irrevocable) is created by a written document typically called a âTrust Agreement.â The person establishing the trust is called a âsettlorâ or âtrustor.â The âTrusteeâ can be an individual (including you), a corporation or other entity such as a bank trust department.