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Beneficiaries Are the Children of the Trustor  Form

Beneficiaries Are the Children of the Trustor Form

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Instructions and help about Beneficiaries Are The Children Of The Trustor

hello everyone let's talk about three terms three positions three types of people that you find in a revocable trust we have the grand tour or the trash door we have the trustee and then we have the beneficiaries so let's talk about each one of them who they are how they work what do they have to do so the first one the grand door or sometimes the trust door is the owner of the trust is the person creating the trust again this is for a revocable trust and usually the grantors the trust stores are the people who retain full control over the trust they can do whatever they want with the assets within they don't have to ask for permission or give notice or anything like that the second one is the trustee the trustee is the person who's in charge of managing the assets of the trust ing to the terms within so usually the grantor and the trustee is the same person as long as the person creating the trust is alive and well and able to manage it right the succes

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