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Testamentary
or Trusts Under Will:
Your will provides the
instructions for taking care of your beneficiaries, as well as the property
left to them. A Trust Under Will not only ensures that the income will be paid
for the family's benefit, but also authorizes the trustee to use principal for
emergencies. If you have a Trust Under Will, trust officers work with your beneficiaries
to make investments, file tax returns, keep books, collect rents, arrange for
repairs and a hundred other details that occur when managing investments and
real property.
Trusts under will are flexible
and can cover just about any contingency you can think of – provision
for grandchildren, support for a dependent parent, gifts to your favorite charities.
You don’t have to be a millionaire to have a trust under your will. As
a matter of fact, such trusts may be more important for the family with a small
estate which needs to make every penny count. And the fee is modest, particularly
when hundreds or thousands of dollars may be saved for your family.
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