Basic Questions About Estate Planning – What is a Trust Fund?

It is not uncommon for people to talk to estate planning attorneys about the possibility of creating a trust fund. A lot of people have heard that trust funds can be beneficial, especially if you want to protect inheritances for family members or young children, or even to establish an organization that will donate to charities you want to support. But what is a trust fund? How is it different than a trust? How do you go about establishing or creating a trust fund? Today we are going to take a brief look at trust funds, what they do, and why they matter. What is a trust fund? A trust fund is a trust. The term trust fund can be a slightly misleading or confusing term because it adds the term fund, instead of referring simply to a trust. If you have been reading our blog series, or have read any of our posts about trusts, you already know that a trust is a kind of fictitious legal entity that can own property in much the same way that a business or corporation can. The trust exists inde
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