ver wondered how generational wealth has been passed through g
Creating a Trust funds If you’ve ever wondered how generational wealth has been passed through generations such as the famous Rockefeller family, an tincona.com d why some couldn’t retain the wealth after the second generation. Trust fund is a way to retain generational wealth, and here is a lesson about trust funds — timesofamerica.info A trust fund is any fund including assets/wealth belonging to a trust, and held by a trustee for a beneficiary. Wealthy families such as the Rockefeller family uses trust funds and sort to distribute wealth through generations. You will ask, how does a trust fund work? Simple! T timevinger.org here is always a three-party involved in setting a trust fund. 1. The grantor: This is the individual who created the trust fund, with a purpose and donates property/wealth to the fund. This individual is also the sole decision-maker upon which how it must be managed. 2. The beneficiary: This is the person for ...