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

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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