But trust funds are most commonly set up to cover the future educational costs of children and grandchildren. They certainly are useful for that purpose, but there may be easier and less expensive ways to set aside money for them. Key Takeaways Grantors create trust funds for various purposes...
However, understanding the key steps in setting up a trust fund will help the process run more smoothly. Choosing Beneficiaries You will need to indicate who you want to inherit the assets in your trust. That might not only be your children but, if you wish, grandchildren, including those w...
A trust fund is a financial account in which assets are held for the benefit of another person or organization usually for the purpose of providing financial support for a family member, funding a charitable organization, managing an inheritance, providing for an aging parent's care, or saving ...
A GST is set up so the assets in the trust pass directly to the trustor’s grandchildren, or anyone who is at least 37.5 years younger than the trustor (other than a younger spouse). GSTs are typically a play to save on taxes. This kind of trust helps avoid having to pay estate an...
A trust fund set up by a Fox Chapel man to provide for hischildren and grandchildren can't even...By BowlingBrian
Commonly, an individual would set up a trust in order to ensure that their children, grandchildren, or chosen beneficiaries are able to financially benefit from the inheritance they would receive from the trust’s property or assets. Establishing a Trust ...
This is a method for directly transferring your wealth to your grandchildren/great-grandchildren rather than through their parents. When they are of high value, they generally save the spouse or children from paying high estate taxes. Charitable Trust Fund ...
2. **表示信托(指法律上的信托关系)**: - 例句:He set up a trust for his grandchildren.(他为他的孙子孙女们设立了信托基金。) 3. **表示可信赖的人或事物**: - 例句:She is a person of trust.(她是一个值得信赖的人。) **三、作为动词时的用法** 1. **及物动词,表示信任或信赖某人/某...
create, establish, form, set up建立信托;设立信托基金◆They set up a trust for their grandchildren's education.他们为孙辈的教育建立了信托基金。invest in信托投资TRUST + NOUNaccount, assets, fund信托账户/资产/基金deed信托书property信托资产status信托状况manager信托经理company信托公司beneficiary信托受益人...
She set up a trust for her grandchildren's education. 1 Fund A sum of money saved for a particular purpose. He established a fund for wildlife conservation. 2 Trust Confidence in someone's reliability. I have complete trust in her judgment. 1 Fund To provide financial resources. The governm...