How does a trust fund work and when should one get one?
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Trust funds, or more accurately trusts, are entities created to move and distribute assets from. It’s treated like a person and offers protections to the beneficiary.
A trust fund is a when a wealthy ancestor has chosen to pass money on to someone, as a beneficiary, of the trust.
As when you should create one? At any time, as I said above they do offer benefits at any wealth range.
Now, If you are a beneficiary and expecting a payout, that all depends on what the trust says. There is not legal cap or limit.
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