Thursday, January 5, 2012

Trust Fund !

     Trust Fund ; noun ; In common law system a trust is a relationship whereby property (including real,tangible and intangible) is managed by one person(or persons or organizations) for the benefit of another.
 Cathy Sarinana and I were discussing how a "Trust Fund" is created and why.Trust are created by a settlor,grantor,donor or trustor. It is created by the settlor who transfers some or all of his property to a trusttee who holds the trust property for the benefit of the beneficiaries. It is possible to create a trust of property w/o transferring it to anyone else(being held for the benefit of the beneficiary.The fund is created during the persons life by a trust instrument or they can be in a "will" after death.
 
The "trust" is govern by the terms under which the Fund was created and are usually written down in a trust instrument or a "DEED".Property of any kind can be held on a Trust and the uses can also vary. There are many kinds of Trust Funds,so make sure to evaluate what type of T.F.and how you plan to use the Trust Fund .For more info on types of Trust Funds and there uses, email:  hcompanys@yahoo.com and I will send you a list of Trust Fund  types and the characteristics  for each.

 I hope this sheds a little light on Trust Funds and their uses according to your specific trust that it will be held in.

                                  Greg Hernandez
                                    Hcompanys
 

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