Reasons To Consider Setting Up A Trust

Trust funds may be synonymous with billionaires and Beverly Hills, but there can be common uses of trusts for average people, too. Trusts are a fiduciary relationship established between trustees and beneficiaries whereby the trustees hold assets on behalf of beneficiaries. Most mutual funds and exchange traded funds are structured as trusts. The fund company is the trustee and the investors are the beneficiaries. There are different reasons an individual would set up a trust for...