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Trust Funds: A Comprehensive Guide

October 15, 2024

What is a Trust Fund?

A trust fund is a legal entity that holds assets for the benefit of a specific person or group. Trust funds can be established for various purposes, including education, healthcare, and general financial support.

Benefits of Trust Funds

Trust funds can provide financial security, protect assets from creditors, and ensure that funds are used according to your wishes. They can also help minimize estate taxes.