The assets which are placed in a trust is known as the “principal,” and any earnings on that principal is taken into account “income.”three Trusts aren’t only for the rich—they’re for any person who would like to safeguard their assets, look after loved ones, and depart a long-lasting legacy. From https://trust-or-estate-planning35667.theobloggers.com/43780159/legal-trusts-and-wills-an-overview