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Trust Fund

Definition

A fund set aside for a specific purpose or beneficiary, managed by a trustee according to legal instructions.

What to consider

  • Understand the specific terms and beneficiaries of the fund.
  • Review how the fund is managed and its long-term goals.
  • Ensure it aligns with your overall estate and financial plans.

Real world scenarios

  • Growing up, Emma benefited from a trust fund established by her grandparents, which helped pay for her college tuition and living expenses.

Related terms

Power of Attorney (POA)
Guardianship
Estate Planning
Executor
Postnuptial Agreement

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