Children and the Law
Mutual Funds

How do you set up a trust fund?

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Wiki User
September 09, 2010 1:45PM

You will need the services of a financial adviser, an accountant or a solicitor. Be sure you get this professional advice so that the trust is set up as you need it to be.

You can download a trust document from a legal services website, fill it out, and sign it in front of a notary. This immediately establishes the trust's existence. A tax ID number will also have to be assigned from the IRS.