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.
Dead body found in torched car; firefighters' homes destroyed. ( 1 CNN)A raging California wildfire has set more than 33,000 acres of the Santa Clarita Valley ablaze and threatens to ignite thousands of homes as winds push the flames from the forest toward the Antelope Valley, the Los Angeles County Fire Department said.