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Originally posted by WiLL what the heck is a trust fund?
A trust is an arrangement bound by law in which someone gives a trustor control of investments, property, cash, or other assets to be managed for the benefit of the beneficiaries. e.g., A trust fund.
Better idea than do-it-yourself - approach a bank. Banks often will absorb the initial setup cost because the fees they collect over the longterm will eventually pay that off and then some - but they know ALL the loopholes, and are experienced investors. At least, that's what my great aunt did when she set up like 10 trusts.