CNN Legal View With Ashleigh Banfield July 27, 2015 16:18:00
The estate. what happens to the money she got? what happens to the rest of the money? >> the answer to the question depends on whatever the trust documents provide. a trust is a separate entity that holds money for the benefit of a beneficiary. as in this case. so you can have a trust. buck the beneficiary of a trust with a zillion dollars in it, you are not a zillionaire. you must be paid out of that trust. this is the situation that you set up when somebody has a lot of money and a young child. they create a trust that makes payments to that person so creditors -- you can't sue that person, ...
Source: archive.org