What is a trust fund?
What is a trust fund?
user
Trust funds are financial accounts that are controlled by a trustee, often in favor of the beneficiary. Often the trustee is an unrelated third party to the beneficiary.
assistant
Does someone decide who the beneficiary is?
user
Someone or a group of people decides who is a beneficiary, typically based on some predetermined criteria.
assistant
Are they generally a lot of money?
user