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It depends entirely on the terms of the trust.
You should read the trust document (if there is one) or speak with the trustee.
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∙ 14y ago
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What happens to the money between the time a worker pays into a trust fund and the time when he or she collects benefits from that fund?
The money in the trust fund is invested and some of the income is used to pay future benefits. As a result, the net value of the fund increases over time.
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
What are trust relationships?
A trust relationship is where you put a very large trust fund up for both to use. Every year you add money to that fund. The fund is all of your money for the year, taxes, gas, personal items. A good size fund is your yearly earnings -10000. The money would help you get on your feet if something bad happens. make sure you still have enough money to put in the fund
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 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.
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.
How can the word fund be used in a sentence?
We donated to the animal trust fund.
Where to put money from an inheritance for a young man?
Trust Fund
How do you withdraw money from a trust fund?
The method you use to withdraw money from a trust fund will be spelled out in the original documents from when the fund was set up. Unless you have complete control of the fund, you must follow the steps laid out in the paperwork. If you have complete control, you can fill out withdrawal documents and present them to the bank that is holding the fund.
Do trust funds run out of money?
Yes, trust funds can run out of money; they can also last indefinitely, depending upon how they are managed and how they are set up. Nobel Prizes are paid for by a trust fund set up by Alfred Nobel; there is no expectation that the fund will run out and that the prizes will cease to be awarded. But funds have to be invested, and investments can do well or badly. And even if the money in a trust fund was invested wisely, that money can still be spent. For example, trust funds are often used to safeguard money for the benefit of people who are not yet adults and who cannot be trusted to spend their money wisely while they are still minors. But once they become adults (or when they reach whatever age is specified by the terms of the trust fund) they then have access to that money and can spend it. And if they can spend it, they can use it up. Of course, you could also devise a fund that only pays the interest on the fund, and never pays out the principal. That kind of fund can potentially last a long time, but again, only if the investment decisions are wise.
What is Fidelity Revere Street Trust?
An institutional money market fund
What are child trust fund accounts used for?
Child trust fund accounts are used for parents looking for a long-term savings and investment account to use in your child's future. It is typically used by parents looking to save money over a period of time to afford to send their child to college.
