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Person who is named in the trust to receive the benefit of the trust property, especially a will or life insurance policy.
Person who creates the trust by giving property to the Trustee who is to hold the property for a Beneficiary.
Trust created while the Grantor is alive, as opposed to a trust created in a Last Will and Testament.
Person appointed by the state who can administer oaths.
A document that allows someone to legally act for you and do anything you would be able to do. This could include opening and closing bank accounts, selling or buying real estate or stock, writing a will, etc.
The process of proving a Will is valid in court.
Anything that can be owned, including land, an interest in land, such as a condominium or time-share; personal items, including any tangible property that is not land, such as cars, boats, furniture, jewelry, etc.; or intangible items, such as copyrights, patents, trademarks, etc.
The Grantor has the power to cancel the trust.
A trust is for a person with special needs to supplement any benefits the person with special needs may receive from government programs. A Special Needs Trust allows the beneficiary to receive government benefits and still receive funds from the trust.
Trustee designated in the trust document to become trustee, if one of the persons originally designated as trustee is unable to act as trustee.
Trust created by a Last Will and Testament.
An agreement where one person (Grantor) transfers to a second person (Trustee) property to hold for third person (Beneficiary).
Person who holds the property that has been placed in the trust.
Person who watches you sign a document and then signs and dates the same document.
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