The Family Treasure — What Is a Trust?

The Family Treasure — What Is a Trust? is a trust book for kids and teens ages 10 and up. Professor Ledger explains how families plan ahead with trusts: who the grantor, trustee and beneficiaries are, how a revocable trust differs from an irrevocable trust, and why a trust only works once property is put into it.

About this trust book for kids and teens

Through the story of a family deciding how to care for a grandparent’s home and savings, readers see why some plans stay flexible (revocable) while others are locked in (irrevocable). The book also notes that trust law differs from state to state and that real plans are made with a licensed attorney.

What readers will learn

• Name the grantor, trustee and beneficiary in a trust
• Explain the difference between a revocable and an irrevocable trust
• Explain what funding a trust means and how a trust can avoid probate
• Recognize trust scams that promise to avoid all taxes

The eBook is available now. Buy it below and start reading online right away from your order confirmation or My account → My books. The paperback edition is coming soon; sign up below to hear when it launches. Meanwhile, the free planet page for this topic covers the same ideas with lessons and games.

Every Wealthonauts book is written to be accurate as well as fun, and each one connects to lessons, games and printable activities on this site. As a result, a story at bedtime can turn into a short learning mission the next day.

Using this trust book for kids and teens at home or in class

Read one chapter or spread at a time, then pause and ask what the characters should do next. Afterward, open the matching free lessons below for activities at three age levels. Teachers can pair this trust book for kids and teens with the printable worksheets in the Academy.