FiduciaryDuty

Lifestyle

A Comprehensive Guide on How to Start a Trust Fund

Understanding the Basics of Trust Funds Before you start a trust fund, it’s important to have a basic understanding of what a trust fund is and how it works. Essentially, a trust fund is a legal arrangement in which a person (known as the “settlor” or “grantor”) transfers assets to a trustee to manage and distribute according to the instructions…