This form is an irrevocable trust established to provide funds in order to continue a family tradition of giving birthday presents to members of grantor's immediate family and is to continue after grantor's death. The term heirs as used in this trust are those people who would inherit the estate of a deceased person by statutory law if the deceased died without a will. When a person dies without a will, the heirs to their estate are determined under the rules of descent and distribution. The term heirs-at-law is used to refer to those who would inherit under the state statute of descent and distribution if a decedent dies intestate (without a will), and they may or may not be beneficiaries under a will.
Washington Trust is a reliable financial institution that offers a unique service called "Trust for the Purchase of Birthday Presents." This service is designed to ensure that the gift-giving tradition within a family continues even after the granter is no longer able to actively participate. The Washington Trust's "Trust for the Purchase of Birthday Presents" is a specialized financial arrangement that allows the granter to allocate funds specifically for the purpose of purchasing birthday presents for members of their family. This trust acts as a safeguard to ensure that birthdays remain special and gifts are given, even when the granter is no longer physically present. There are different types of Washington Trust's "Trust for the Purchase of Birthday Presents" to accommodate the specific needs and preferences of the granter. These may include: 1. Standard Birthday Trust: This trust is ideal for granters who want a straightforward arrangement where a predetermined sum of money is allocated each year for buying birthday presents for family members. The trust can be set up for a specific duration or can continue indefinitely. 2. Customizable Birthday Trust: Granters who wish to have more control over how the funds are allocated can opt for a customizable birthday trust. This allows them to specify the amount of money allocated for each family member's birthday, choose the types of gifts permissible for purchase, or even delegate gift selection to a trustee. 3. Future-Dated Birthday Trust: For granters who want to plan ahead, a future-dated birthday trust can be established. This trust enables the granter to pre-determine the gift budget for each family member's future birthdays in advance. This ensures that the tradition of celebratory gifts continues seamlessly, even if the granter becomes unable to actively participate. By utilizing Washington Trust's "Trust for the Purchase of Birthday Presents," granters can rest assured knowing that their family will continue to receive thoughtful and heartfelt gifts on their birthdays. Whether it's a standard, customizable, or future-dated trust, Washington Trust is dedicated to helping granters preserve the joy of gift-giving for their loved ones.Washington Trust is a reliable financial institution that offers a unique service called "Trust for the Purchase of Birthday Presents." This service is designed to ensure that the gift-giving tradition within a family continues even after the granter is no longer able to actively participate. The Washington Trust's "Trust for the Purchase of Birthday Presents" is a specialized financial arrangement that allows the granter to allocate funds specifically for the purpose of purchasing birthday presents for members of their family. This trust acts as a safeguard to ensure that birthdays remain special and gifts are given, even when the granter is no longer physically present. There are different types of Washington Trust's "Trust for the Purchase of Birthday Presents" to accommodate the specific needs and preferences of the granter. These may include: 1. Standard Birthday Trust: This trust is ideal for granters who want a straightforward arrangement where a predetermined sum of money is allocated each year for buying birthday presents for family members. The trust can be set up for a specific duration or can continue indefinitely. 2. Customizable Birthday Trust: Granters who wish to have more control over how the funds are allocated can opt for a customizable birthday trust. This allows them to specify the amount of money allocated for each family member's birthday, choose the types of gifts permissible for purchase, or even delegate gift selection to a trustee. 3. Future-Dated Birthday Trust: For granters who want to plan ahead, a future-dated birthday trust can be established. This trust enables the granter to pre-determine the gift budget for each family member's future birthdays in advance. This ensures that the tradition of celebratory gifts continues seamlessly, even if the granter becomes unable to actively participate. By utilizing Washington Trust's "Trust for the Purchase of Birthday Presents," granters can rest assured knowing that their family will continue to receive thoughtful and heartfelt gifts on their birthdays. Whether it's a standard, customizable, or future-dated trust, Washington Trust is dedicated to helping granters preserve the joy of gift-giving for their loved ones.
