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Here's how a trust fund works to shelter your assets, distribute income, and manage taxes during and after your lifetime
Source:
businessinsider.com
- Dec 6, 2019
Setting up a trust gives you control over your money after your death, and sometimes even during your lifetime.
More specifically, trust funds can serve various purposes, from sheltering assets from estate taxes to paying yourself or your heirs an annual income to giving to charity. You can be as specific and conditional as you like when it comes to when, how, and to whom your assets are distributed, and some trusts are more flexible than others.
Because there are so many different types of trusts, there isn't one single operational structure. Here are the basics.
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Category: General Business
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