Estates
Who is the person that is appointed to carry out the estate
Personal Representative or Administrator
What is the person called that establishes the trust?
Grantor
How much is the cost per day of skilled nursing care at Covenant Living of Cromwell
$710
How often should an individual review their will
Annually
How many Covenant Living locations are there in the United States
23
If there are multiple heirs, they may face legal battles over this key business element.
What is ownership control?
If the trustee is no longer able to act, whom should be appointed to replace the trustee?
Successor Trustee
This is the most important reason why people should engage in regular physical activity
Improve overall health and wellbeing
Who is the person that inherits assets under a will
Beneficiary
In what year did Covenant Trust open?
1989
If no family member wants to take over, the court may decide to do this with the business.
What is liquidate or sell it?
The only tool that can be used both while you are alive and after you are dead.
What is a Revocable Living Trust?
Regular physical activity can reduce the risk of developing this disease, which is a leading cause of death worldwide.
Heart disease
Out of every 10 Americans how many individuals don't have a will?
7
What is the fund called that is meant to help residents when they outlive their resources?
Benovlent Care Fund
This costly factor often reduces the value of an estate
What are legal fees and court costs?
One of the most important steps after creating your Trust. Making it the owner of your assets.
What is funding the Trust?
Besides physical health, regular exercise can also improve this mental state
Mood or mental health
The court process used to validate your Will.
What is Probate?
What standard does Covenant Trust act in when managing a client's portfolio
Fiduciary
This is the ability of a muscle or muscle group to exert force
Strength
A Will done in your own handwriting.
What is a holographic will?
How much money does Covenant Trust Manage
Over $2.3 Billion