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What is trust funds?

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What is trust funds?

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  1. a trust fund is set up by a parent or a grandparent that wants to make sure their family is taken care of when they pass away.. or when the child becomes a certain age to handle the money... there is an account set up for the person that they have no control over... the money is distributed according to the terms set up in the trust... college funds, monthly allowance, child care, etc.

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