You Don’t Have to Be Rich to Have a “Trust Fund”… Especially If You Have a Beneficiary with Special Needs

The phrase “trust fund” often brings to mind a particular type of person, someone who comes from a wealthy family with an excessive amount of money available to spend. Although there are families who have that kind of generational wealth that’s passed down to them through a trust fund, it’s not as common as you may think. In fact, more families with a modest amount of financial assets are using trust funds for various reasons.

Trusts 101: How They Work

Generally speaking, a trust allows a gra...