Trusts {trust fund}| are less expensive, more flexible, and less hard to manage than guardianship that state most likely creates for estate after death, until children reach majority. Legal title to property can transfer to another person {trustee, fund} or institution {trust company}, which holds, invests, and administers property for beneficiary named by original owner. States limit time that estates can be in trust. At designated times, trusts distribute property.
Practical Affairs>Financial Affairs>Trust Fund
7-Financial Affairs-Trust Fund
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Date Modified: 2022.0224