Will
A nominated person(s) who legally controls the care and management of a child
Guardian
The person or entity who is the creator/author of a Trust?
Trustor
A Trust does 3 essential duties for the Estate
1)avoids Probate
2)avoid/decrease Federal Estate Taxes
3)distributes assets according to settlors wishes
Outlines agents and decisions for medical situations
Medical POA
How many syllables are in the word “Mississippi?
Four
A person chosen by a will or the court to handle someones estate is called?
Personal Representative/Executor
A person or persons that distribute property or manages for the benefit of a third party is called what?
Trustee
This Trust needs to be registered and recorded with the State.
What is
no trust; trust are private documents
The broad power granted to an agent to handle financial transactions.
-Financial POA
How many sides does a pentagon have?
Five
These are people that receive a piece of your estate after you pass they are called?
Beneficiary
The feeling our members have when their plans are all laid out.
Peace of Mind.
True or False? Our Trusts are valid in all 50 states?
True
These 3 names are documents that are only valid when someone is living.
Financial POA, Medical POA, Mental Health POA
Before embarking on a solo career, Beyoncé was part of what R&B group?
Destinys Child
The wishes on how to transfer assets after death, does not avoid probate?
Will
Upon the trustors death the successor trustee is responsible to create an __ # for the assets held within the trust?
EIN #
This document transfers real property into a Trust
Warranty Deed or quitclaim deed.
POA Documents typically become _____ upon the persons death?
Void
Who was the first president to visit all 50 states?
Richard Nixon
This is the name of the court process when transferring assets after someone passes.
Probate
A successor trustee cannot do what to the trust
Amend or Revoke
Becomes an entity that can transfer assets to beneficiaries over time or based on conditions is called?
Trust
You can only establish POA Documents for yourself if you are what age?
18 or older
Where are cricket’s ears located?
Their legs