Beneficiary Has TWO LAST NAMES - How Should It Be Written
Whatever the legal last name is (i.e. the name on the Driver's License), that is what is how it's written in the trust indenture.
Do I Need to Name a Beneficiary
Every trust MUST name a beneficiary, but it does not need to be named in the Trust Corpus documents. In fact, it is explicitly stated that for privacy concerns, the beneficiary will be named in the Trust Minutes of the very first Trust Meeting. The ...
How Should An Officer or Trustee's Name Be Written
Typically it is suggested that a trustee have their name written (First Middle Last), but for an officer of a corporation that is not required as the position, company and statutory privileges are all public.
How To Add Multiple Beneficiaries To A Trust
An example of how to add multiple beneficiaries to the trust indenture is seen below. The top row is how the section looks unedited. The middle row contains ONE BENEFICIARY. The bottom row contains TWO BENEFICIARIES.
How Should The Trust Be Named
There are no rules to naming a trust, except the word "Trust" must be the last word in the name (e.g. ACME Trust). Any standard trust for every other use (public or private) can be named anything you desire (e.g. JCD Trust, Car 001 Trust, etc.). Do ...
Who Can Be A Beneficiary
Anyone (except a sole trustee) and any entity can be a beneficiary. If the sole beneficiary is a foundation, charity or other organization it may exist as a perpetual private express trust, thus avoiding the rule against perpetuities.