at least one beneficiary, and a trustee. Depending on the type of trust fund, one or more of these parties may be responsible for paying income and estate taxes. Setting up a trust fund gives you ...

beneficiaries, and assets. Then you sign and notarize the trust document and set up a trust account in which the assets are deposited. Learn More: How to Set Up a Trust Fund What does it mean to ...

The person setting up a trust fund is known as the grantor, while the person, people or organization receiving the assets are known as the beneficiaries. And the person the grantor designates to ...

For example, if one of her children is convicted of a felony, she can remove that child as a beneficiary. There are three roles involved in a trust fund: the settlor, the trustee, and the ...