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You need to review the document that created the trust to determine the answer to your question. The trust should identify the beneficiaries and how the proceeds are to be paid.

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14y ago

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Can a debt collector touch the trust fund of a minor child?

No, as long as it's a legitimate trust.


What is the purpose of a child trust fund?

Untouchable savings until a child turns a certain age is the purpose of a child trust fund. A child trust fund can be started by a parent or grandparent who maybe wants their child or grandchild to have money saved for a certain item. By putting the money in a child trust fund, and designating an age, the child cannot touch that money until he/she reaches that age.


What is the purpose of a trust fund?

Untouchable savings until a child turns a certain age is the purpose of a child trust fund. A child trust fund can be started by a parent or grandparent who maybe wants their child or grandchild to have money saved for a certain item. By putting the money in a child trust fund, and designating an age, the child cannot touch that money until he/she reaches that age.


What is real estate trust fund overage?

trust fund overage


Is your trust fund marital property?

Generally no. A beneficiary's interest in a trust created by someone else would not be marital property. A grantor's interest in a trust that is revocable should be the same character as if the trust did not exist.


What is a non revocable trust fund?

An irrevocable trust is one in which the settlor (or creator) of the trust does not retain any control of the trust, and thus the trust cannot be amended. The reason that an individual would chose to create an irrevocable rather than revocable trust is that the money cannot be touched by creditors or anyone else. There are also money-saving benefits to the creation of an irrevocable trust primarily relating to probate fees and taxes.


What is 'trust fund' in Spanish?

"Fondo de fideicomiso" is "trust fund" in Spanish.


Does the state have access to a trust fund in prisoners name?

The state of California dept of Corrections DOES NOT have access to a prisoners trust fund. A trust fund is exempt.


Who pays for your pension for teamsters?

Usually there is a trust fund that a Teamster's pension is paid for. An example of this kind of a trust fund is The Teamsters Pension Trust Fund of Philadelphia and Vicinity.


What is the adult equivilant of a child trust fund?

College Trust FundThe College Trust Fund 529 Plan is the most popular and successful type of trust fund for adults trying to have money for college


Where can one find child trust fund comparisons?

One can find child trust fund comparisons from Kiss Trust and Trust Egg. One can also find child trust fund comparisons from Money Saving Expert and The Children's Mutual.


If trustee of trust is not despensing trust fund what do you do?

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