Thanks to professor of law Gerry W. Beyer’s Wills,Trusts and Estates Prof Blog, I read a very interesting article originally published this past week in The Hill by Elana Schor which provides an in-depth explanation of just what Senator Frist has done (and may have been intending to accomplish) with the use of Generation Skipping Trusts (GSTs) and blind trusts to manage his holdings in his family’s huge Health Corporation of America stock. Not only does Ms Schor give us a good overview of the way in which these trusts operate and the laws that enable them, but also gives political junkies like me a new perceptive on just what may be happening in the insider trading investigation currently unfolding in Washington.