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.
Part of this management includes the issuance of trust statements. A trust is a legal instrument used for estate planning purposes, specifically the management and allocation of estate assets. Estate assets may include physical assets like the grantors home, automobile, or jewelry, as well as financial assets like stocks and bonds.