An arrangement in which the grantor departs with ownership and control of property. Useful in providing children with a fund for education or other specific planning purposes. Useful in life insurance planning. Typically receives a deduction for income that is distributed on a current basis.

• IntelliPenny 2.6
  IntelliPenny is the easy way to manage your personal or family finances and budget for future expenses. IntelliPenny implements the Envelope System of budgeting allowing you to...