What is a Trust Fund? First, you need to have a working definition of a Trust, the we can answer the question. In short, a trust fund is the pool of assets managed by a trust agreement.
Hi, I’m Gary DeWitt, Estate Planning Attorney in Northwest Arkansas.
What is a Trust Fund? Legal Definition of Trust
A trust, legally, is a contract between the trustee and the grantor (the person creating the trust) for the benefit of a third party, the beneficiary. The grantor gives legal title to the trustee, who then manages the assets in the trust for the ultimate benefit of the beneficiary.
What is a Trust Fund? Definition
A trust fund is the pool of assets managed in the trust. In other words, it is all the property and stuff that has been legally transferred to the trustee.
Assets in the trust fund can consist of cash, real estate, most stocks, bonds, and much more.
What is a Trust Fund? More Information
Feel free to call with your questions or to get my free book, “Secrets of Excellent Estate Planning”. The book is also available on my website.
I will show you how to protect what you have today, and what you leave your kids tomorrow. You’ll be able to take advantage of my estate planning legal strategies without you or your loved ones having to deal with Probate Courts, long delays, and death tax.
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