You create a trust for all the shares you owned. The terms of the trust say that when you die, the income from those shares go to your wife for the rest of her life. When she dies, the shares will pass to your children. Your wife is the income beneficiary and has an âinterest in possessionâ in the trust.
The Santa Clarita Valley Historical Society is a non-profit 501(c)(3) volunteer organization dedicated to preserving the heritage of the Santa Clarita Valley, 35 miles northwest of downtown Los Angeles.
Santa Clarita, CA. The Santa Clarita Valley is located within Los Angeles County, to the north of the San Fernando Valley. Prominent cities in Santa Clarita include Newhall, Castaic, and Saugus. I have lived in the Santa Clarita Valley from 1960 - recently. My first home was in Saugus, CA in 1960. Most recently I lived in Castaic in 2008.