Word: trustedly
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Dates: during 1960-1969
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...trust in another state with more advantageous laws than his own state...
...Watch his trustees in action and change the trust if necessary, while providing continuous, legally invulnerable management of his affairs in the event of his illness or incompetency...
...Deter attacks by disgruntled heirs and creditors-largely because the trust, unlike probate, is an unpublicized fait accompli...
...Avoid the endless probate delays that may disrupt his business, derail his investments, and otherwise cut his family's income after his death. With a trust, his affairs flow smoothly...
...Help. Clearly, a revocable living trust may be a wise move for those able to fund it-for example, people who own their own businesses or substantial stockholdings. But what of today's typical corporate executive, who may control relatively little tangible property? Affluent as he seems, most of his wealth may be locked in group life insurance and deferred retirement benefits. To name his wife as beneficiary may overwhelm her with unaccustomed financial problems, but to set up a trust in his will consigns her to probate...