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.
1 The income per capita in Santa Clarita is 19% higher than the national average. 2  The median household income in Santa Clarita is 56% higher than the national average. 3  Male median earnings are 41% higher than female median earnings.  The unemployment rate in Santa Clarita is 17% higher than the national average.