After winning a very large amount of money, I want to open a trust fund. I do not want to invest any of it. I am going to live on the money in the trust. What type of trust fund would be best?
A trust fund will invest your windfall according to the goals you establish when you create the trust. Step back a bit now, and find a good financial and estate planning attorney who can identify your needs and create a trust to address them. Check with bankers in your area for some recommendations, and don't be afraid to check out several professionals before engaging one.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
A trust fund will invest your windfall according to the goals you establish when you create the trust. Step back a bit now, and find a good financial and estate planning attorney who can identify your needs and create a trust to address them. Check with bankers in your area for some recommendations, and don't be afraid to check out several professionals before engaging one.
