Trust Fund Write For Us

A trust fund is a legal procedure in which one person (the grantor) handovers assets to another person (the trustee) to hold and achieve for the benefit of a third person (the beneficiary). The grantor can specify the terms of the trust, such as how the assets are to be achieved and distributed to the beneficiary.

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Trust funds can be used for a diversity of purposes, such as providing financial security for a child, grandchild, or other loved one, or funding a charitable organization. They can also be used to avoid probate, which is the legal process of moving assets after someone dies.

Two Main Types: Revocable And Irrevocable.

Revocable trust can be different or terminated by the grantor at any time. An irrevocable trust cannot be changed or terminated by the grantor once it is created.

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