How to Create a Trust Fund?

Answer A trust fund is stereotypically considered as a paycheck for children of the wealthy, but it can actually be a useful financial tool for people in any stage of life. A trust can be a good way to se... Read More »

Top Q&A For: How to Create a Trust Fund

Common Trust Fund Vs. Unit Investment Trust Fund?

Trusts are groups of assets--stocks, bonds, etc.--that provide benefits for an organization, child or other family member. A common trust fund and unit investment trusts are two major categories of... Read More »

Trust Fund?

If your grandfather's estate was bequethed entirely to your grandmother, then she will have sole control of the trust until your 25th birthday. If his estate was divided into many parts, for exampl... Read More »

How to Start a Trust Fund?

A trust is legal ownership of assets provided by a grantor to a beneficiary and governed by a trustee. More parents and grandparents are setting up trust funds to secure their children's financial ... Read More »

How do I set up a trust fund for a child?

Decide if you want to open a section 2503 or 2503(b) trust. Once the money is put into the child's name, there is no getting it back. However, there are tax savings for the person giving, and there... Read More »