Cathy Sarinana and I were discussing how a “Trust Fund” is created and why.Trust are created by a settlor,grantor,donor or trustor. It is created by the settlor who transfers some or all of his property to a trustee who holds the trust property for the benefit of the beneficiaries. It is possible to create a trust of property w/o transferring it to anyone else(being held for the benefit of the beneficiary.The fund is created during , by a trust instrument or they can be in a “will” after death.
The “trust” is governed by the terms under which the Fund was created and are usually written down in a trust instrument or a “DEED”.Property of any kind can be held on a Trust and the uses can also vary. There are many kinds of Trust Funds,so make sure to evaluate what type of T.F.and how you plan to use the Trust Fund .For more info on types of Trust Funds and there uses, email: firstname.lastname@example.org I will send you a list of Trust Fund types and the characteristics for each. I hope this sheds a little light on Trust Funds and their uses according to your strategies