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U/W/O stands for "under the will of"

F/B/O stands for "for the benefit of"

Example of how a testamentary trust would be titled:

Testamentary Trust fbo Sara L. Smith uwo Walter G. Jones

This represents a testamentary trust established for Sara according to the will of and upon the death of Walter.

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What does it mean when a revocable trust becomes irrevocable?

That means the provisions of the trust agreement cannot be changed.


What does trustee in succession mean?

A trustee in succession refers to an individual or entity appointed to manage and administer a trust after the original trustee's passing, incapacity, or resignation. Their role involves overseeing the trust's assets, ensuring they are managed according to the trust's terms, and distributing benefits to the beneficiaries. This position is crucial for maintaining the continuity of trust management and safeguarding the interests of the beneficiaries.


What is the beneficiary in a trust?

the beneficiary in a trust is the person whom benefits from that which is held in trust.


What does 'Mammon' mean?

The word "mammon" means wealth, or greed associated with wealth, at least in Biblical terms. In German, the word means money. In Arabic, it can mean financial trust held for someone else.


What are terms used in a trust?

Terms commonly used in a trust include "grantor" (the person who creates the trust), "trustee" (the individual or entity responsible for managing the trust), and "beneficiary" (the person or entity that receives the benefits from the trust). Other important terms include "trust corpus" (the assets held within the trust) and "trust agreement" (the legal document outlining the terms of the trust). Additionally, "revocable" and "irrevocable" refer to whether the trust can be altered or terminated by the grantor.