See how we rate investing products to write unbiased product reviews. A trust fund shelters assets from probate and allows people to choose how and when their assets are distributed to heirs.

But when Ben starts college, he’ll need to cover these costs by drawing from his trust funds. In a sense, Alice will have received a windfall from you to be put toward discretionary expenses ...

How do I set up a trust fund? To set up a trust, you first need to decide what kind of trust best suits your needs. Once you know how you’d like the trust to be structured, you’ll need to ...