Examlex
What structure is an attempt to capitalize simultaneously on the strengths of both functional and product departmentation?
Wills
A legal document by which a person expresses their wishes as to how their property is to be distributed at death and names one or more persons to manage the estate until its final distribution.
Express
Clearly and unmistakably communicated, directly stated, or specified.
Settlor
An individual or entity that creates a trust by legally transferring assets to a trustee for the benefit of beneficiaries.
Trust Created
The establishment of a fiduciary relationship where a trustee holds and manages assets on behalf of a beneficiary.
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