Quick Definition

A trust fund is a legal entity created to hold assets for the benefit of specific individuals or organizations, managed by a trustee.

Examples

• 1A grandparent sets up a trust fund to finance their grandchildren's education.
• 2A trust fund established to manage and distribute assets to a charity over several years.
• 3A family trust created to protect family wealth and provide for members according to specific rules set by the trustor.

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