How To Set Up A Trust Fund If You're Not Rich

via forbes.com

If you’ve heard of trust funds but don’t know what they are or how they work, you’re not alone. For a large amount of people, they may know one key fact about trust funds: They’re set up by the ultra-wealthy as a way to give to their family, friends or entities after they pass away. But only part of the conventional wisdom is true. Trust funds are designed to allow a person’s money to continue to be useful well after they pass away, but trusts aren’t only reserved for ultra-high net worth individuals. Middle class citizens have the ability to set up trust funds too.

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