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.
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