Wills and trusts

accounts, checking accounts, and trusts it is important to name a valid beneficiary to make sure that these accounts and trusts avoid having to go through probate to gain titling. Therefore, we want you to make sure valid beneficiaries are named on these items and update them when needed. ILIT (Irrevocable Life insurance trust) We recommend Ellen and Stu set up an ILIT, an irrevocable life insurance trust, for the benefit of each spouse. Irrevocable life insurance trust allows a life insurance…

could be obtained by Y or Z only by surviving the decedent. (3) What interest or interests, if any, are included in Grantor’s gross estate under Section 2037 (assuming the 5 percent test is met) in the following situations: (a) Grantor creates a trust with income to Spouse, S, for life, reversion to Grantor is living and, if not, to A or A’s estate. Grantor predeceases S and…

THE TRUST FACTOR IN GOOD LEADERSHIP Each year, several research companies undertake surveys that seek to determine the level of trust among Kenyans. Unfortunately, it is becoming very easy to predict the findings of these surveys based on how we continue to interact day to day. The findings continue to find that there is a huge connection between trust, good leadership and excellent performance. Performance Development expert and Chief Executive Officer of Raiser Resource Group Mr. Ian Ng’ethe…

his balanced trust between Desdemona and Iago. Through Othello’s rationale behind loving Desdemona, Shakespeare displays the resulting strong bond of trust between the two and its impact upon Othello’s mental state. Amidst the controversial announcement of Othello and Desdemona’s marriage, Othello declares that “[Desdemona loves] me for the dangers I [have] passed,/And I [love] her for that she [does] pity them” (1.3.166-167). Here, Othello asserts that he loves, and in extension trusts,…

lthough the institute of trust is a common law concept, many scholars describe it as one of the biggest contributions which English common law has had on foreign jurisdictions, including the jurisdiction of civil law countries.1F. W. Maitland considers the development of this institution as “the greatest and most distinctive achievement performed by Englishmen in the field of jurisprudence”.2 Despite being a Commonwealth country and having common law influences, the major source of the…

Richard Chambers authored “Champions of Trust: By Modeling High Standards of Ethical Behavior, Internal Auditors Can Help Shore up Faith in the Organizations They Serve” and argues that ethics are the foundation of trust. Especially regarding big businesses, internal auditors maintain the responsibility to the shareholders to present honest information and bravely act with integrity. The article compares internal auditors to referees who must promote objectivity and address infractions when they…

Interpersonal trust is an important concept that, if further understood, can give a greater insight into how human relationships work and the processes that lead to decision making in social situations. Interpersonal trust can be defined as the belief that the person who is being trusted will do what is expected or desired, and entails the interaction between two parties: party one, the trustor, who is willing to rely in the actions of party two, the trustee. Furthermore, for a trust situation…

Terrible Trust (Posing a Solution to the Issues of Trust in Macbeth) William Shakespeare wrote many brilliant plays during his time. To this day we still teach them in schools, from his comedies to his tragedies and even his historical plays as well. Of course, one of the most recognizable plays and one of the most notable of his tragedies is Macbeth. It is this play that has many themes and ways of taking and learning from the story. It is during this play that Macbeth, and greedy man…

In Government We Trust? During this research project I researched whether we(the U.S.) trust our government or not. I originally chose this topic because I thought that it would be easy, but I later realized that it was more interesting than I thought. At first, I thought that there is no way that we can trust our government with all of the crazy stuff going on in the world. Now, my opinion has slightly changed. My research has proved and disproved many of my different thoughts. Originally, my…

working to provide the best care for their patient and to help them during their healing process. A relationship between a patient and a nurse should involve trust, hospitality and communication. First, trust is a big factor in creating a relationship with a patient. Being honest with a patient and not giving them false hope helps establish that trust. If you promise something to a patient, then you have to do what you promised. For example, in the video “Give My Daughter the Shot” a nurse…