George Washington set a lot of precedent's while he was in office. For example; in 1796, he published his Farewell Address. In it, he announced that he retired. Washington a â¦ lso set another important precedent at the end of his second term in 1796.
What Is a Trust Statement? Trusts are an important part of an estate planning process, and can save a grantor and his beneficiaries valuable time and money. When the grantor of an estate dies, the responsibility of managing the trust and distributing funds to beneficiaries falls to the estate trustee.
The final component of performing a trust reconciliation is the trust bank statement that is generated by the bank where the trust account exists. This statement provides third party verification of transactions posting to a trust account. On a quarterly basis, the NC State Bar requires a lawyer to reconcile the trust bank statement with the client ledgers.