On a Plain
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I was wondering, in general terms, how a life beneficiary is usually created in a will ?
Does the grantor need to create a trust, therefore a trustee, to manage all aspects of it?
Or can the grantor simply leave the property to a named beneficiary "for life" and then to named beneficiary remainderman ?
Does the grantor need to create a trust, therefore a trustee, to manage all aspects of it?
Or can the grantor simply leave the property to a named beneficiary "for life" and then to named beneficiary remainderman ?