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.
Franklin Ohio Trust is a financial institution that offers a unique service of providing funds specifically for the purchase of birthday presents for members of the granter's family, ensuring the tradition continues even after the granter is no longer able to oversee it personally. With a range of trust options tailored to the granter's needs, Franklin Ohio Trust aims to make sure that the joy of receiving birthday presents remains a cherished part of family celebrations. One type of trust offered by Franklin Ohio Trust is the Birthday Present Fund Trust, which is specifically designed to provide funds exclusively for purchasing birthday presents. This trust allows the granter to set aside a predetermined amount of money that will be managed by the trust to ensure timely and thoughtful birthday gifts for family members. The trust can be structured to allocate funds based on individual birthdays and can even incorporate preferences and interests of the recipients to make the gifts more personalized. Another type of trust offered is the Legacy Gift Trust, which focuses on keeping the granter's gift-giving legacy alive. This trust allows the granter to create a lasting impact by establishing a fund that will continue providing birthday presents for generations to come. By ensuring the availability of funds in perpetuity, the Legacy Gift Trust guarantees that family members will always receive thoughtful presents on their special days, regardless of the granter's presence. Franklin Ohio Trust recognizes the importance of maintaining financial security while also preserving family traditions. They offer a trust option called the Financial Security Birthday Trust, which allows the granter to provide funds for birthday presents while simultaneously ensuring the financial well-being of the family. This trust allocates a certain percentage or specified amount of funds from the overall trust to be used exclusively for purchasing birthday presents. The remaining funds are managed and invested responsibly, providing ongoing financial support to the granter's family. In summary, Franklin Ohio Trust offers various types of trusts tailored to the granter's needs, ensuring the continuation of providing funds for the purchase of birthday presents for members of the granter's family. Whether it's the Birthday Present Fund Trust, the Legacy Gift Trust, or the Financial Security Birthday Trust, Franklin Ohio Trust prioritizes both the joy of giving and the financial security of the granter's family.
