Or, a Trust is established to benefit the individual who creates the Trust (the Trustor), generally for purposes of avoiding the probate process upon death. The person who benefits from the Trust is called the beneficiary. When a beneficiary passes away, the Trust document will set forth what happens next.
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Letâs take a look at some of the things the NYC guidebooks wonât mention about Maspeth (thatâs a joke, sonâ¦NYC guidebooks ignore Maspeth!) as well as a couple of offbeat locales in this low-key Queens neighborhood.