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The Burns Family Trust was settled by Mr Burns in 2013, and was to be managed in accordance with the trust deed. Ned and Smithers

The Burns Family Trust was settled by Mr Burns in 2013, and was to be managed in accordance with the trust deed. Ned and Smithers are the trustees. The trust property consists of real and personal property. The deed provides that each year, income is to be paid equally between three beneficiaries, Bart, Lisa and Maggie. All are above 18 years of age. Mr Burn's favourite niece is Lisa, and suggests to Ned that Lisa needs more money. In 2014, the first year of distributions, Ned pays Lisa three quarters of the total dividends paid to the trust, in order to help her with her university studies. He tells her not to tell the others. Lisa gets drunk at a party and tells Millhouse, Bart's best friend. Millhouse tells Bart about the money.

Bart confronts Mr Burns. Mr Burns tells him that he did not intend for the dividends to be held on trust - he just did that for tax avoidance reasons and he can do what he likes with the funds, including giving them to Lisa because she is such a good girl.

Meanwhile, Bart learns that a parcel of land owned by the trust has been sold to a company called Smithereen Properties Pty Ltd. Bart has a copy of the trust deed and knows it was a term of the trust that real property holdings of the trust were not to be sold but rented out, the income being part of the distribution to the beneficiaries. Bart learns from Millhouse's mother, who works as Smithers' secretary, that Smithers is the director and a majority shareholder of Smithereen Properties Pty Ltd, and that Smithers has paid himself $10,000 from the trust account which he claims were for 'trustee expenses' incurred in the sale.

Advise Bart and Maggie.

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