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Trusts, Estates, and Everything Else You’ve Been Dying to Know

Dashboard > Cowabunga! Bart and the Art of Securities and Tax Regulations > Trusts, Estates, and Everything Else You’ve Been Dying to Know

Trusts, Estates, and Everything Else You’ve Been Dying to Know

Trusts, Estates, and Everything Else You’ve Been Dying to Know

Shmooge tried to remember everything he’d learned about trusts from his earlier studies.

“Let’s see…a trust is a type of account in which assets are held and managed for the eventual benefit of one or more beneficiaries.”

“Good, go on.” Bart was standing at the chalkboard again.

“The trust is established and initially funded by a grantor, who takes assets from his or her own account and places them in the trust. Th...

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