the individual who created the trust fund, with a purpose and
Creating
a Trust funds
If you’ve ever wondered
how generational wealth h
technotoday.org as been passed through generations such as the famous
Rockefeller family, and why some couldn’t retain the wealth after the second
generation. T
stanyarhouse.com rust fund is a way to retain generational wealth, and here is a
lesson about trust funds — 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
theamericanbuzz.com 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 whom the
trust fund was established. It is intended that the assets in the trust, though
may not necessarily belong to the beneficiary, but will be managed in a way
that will benefit the beneficiary, as per the instructions and rules laid out
by the grantor when the trust fund was created.
3. And there is the trustee. You would ask, who is
a Trustee? A trustee is basically any legal institution or individual that has
been assigned by the grantor to keep properties/wealth(s) for the benefit of
another person, group/family, or organization known as the beneficiary.
But this is not about
who a Trustee is, rather this is about how Fundall uses the Trustees to watch over
your money and how to set your beneficiaries on the Fundall app.
Comments
Post a Comment