Explain each of these terms: (a) Grantor (b) Trustee (c) Beneficiary (d) Pour-over will (e) Testamentary trust

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Explain each of these terms:
(a) Grantor
(b) Trustee
(c) Beneficiary
(d) Pour-over will
(e) Testamentary trust
(f) Irrevocable life insurance trust.

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Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Question Posted: Feb 13, 2015 09:41 AM

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Explain each of these terms: (a) Grantor (b) Trustee (c) Beneficiary (d) Pour-over will (e) Testamentary trust

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a The grantor is a party in a trust relationship who transfers property to a second party the truste...View the full answer

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