ver wondered how generational wealth has been passed through g

 

Creating a Trust funds

If you’ve ever wondered how gen thehappyworld.org erational wealth has been passed through generations such as the famous Rockefeller family, and 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 — A trust fund is any fund including assets/wealth belonging to a trus thehelloamerica.com t, 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? S thesecretoftime.net imple! There 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.