Income Trust

The only thing better than a freshly changed diaper, for a trust fund baby, is an income trust loaded with assets that generate income, making the beneficiary even more fabulously rich.

After his great-aunt, Bertha, passed away, Monty learned that she had made him the beneficiary of an income trust that contained all of her VBNO rental properties. Knowing that Monty was prone to risk-taking, Bertha believed this would be the best way of giving him a steady source of income without the property ownership rights to wheel and deal in the real estate market.