FBO is an abbreviation for the common term "for the benefit of" and it is often used in estate planning. In a trust, the term conveys ownership and value to the trustee. The FBO legal language is ...

In a will or trust, the term 'per stirpes' describes how property will be distributed if a beneficiary dies before the person whose will or trust is making a distribution.

Though more than a dozen years have passed since the National Conference of Commissioners on Uniform State Laws approved and recommended that states adopt the Uniform Prudent Investor Act (UPIA), ...