Trust Fund Advice

We have all had questions on Trust Fund Advice before. Below are the top questions posed by visitors just like you to our. We hope our answers located below will help you solve your funding problems today. Feel free to ask another question, or even comment on what has been written.

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Dan Said:

Bare. trust funds. Advice needed?

We Answered:

It is possible to set up a trust that denies a child access to the trust funds until the "child" is 25 but a tax charge will arise if the beneficiary does not become absolutely entitled to the property on his/her 18th birthday

Donna Said:

I just received my trust fund of $250,000. Any advice on a good investment?

We Answered:

Buy some rental property and a house for yourself.

Walter Said:

Any advice on where i can invest my baby's child trust fund?

We Answered:

I would look into an UGMA or UTMA (Essentially the same just the UTMA allows for restricting access up to age 25). Unfortunately, in order to get a high interest rate, you need it invested in equities. Otherwise, the best you could hope for might be 6%.

6% may sound high to some, but factor in an average inflation of 4-5% and that 6 quickly drops to a 1-2% growth.

If it is truly a trust fund, then talk with the people who are currently managing it. If it hasn't started, then the above is a good place to start.

Gloria Said:

Getting trust fund money with an age requirement?

We Answered:

IM NOT SURE YOULL BE ABLE TO GET THE MONEY AHEAD OF TIME OR NOT, BUT I AM SURE THAT THEIR ARE ALOT OF DIFFERENT COMPANIES THAT WILL GIVE YOU SOME MONEY AND THEY WILL TAKE THEIR PART FROM ITOR THEYLL WAIT UNTIL YOUR ABLE TO RECIEVE IT. ALMOST ANY TYPE OF CRDIT DEPARTMENT SHOULD BE ABLE TO HELP YOU! GOODLUCK!

Judy Said:

I need legal advice? Trust funds?

We Answered:

did not read your life story but i suggest you consult a lawyer

Virgil Said:

I need legal advice-- trust fund?

We Answered:

First you need to see the wording on the trust. Some are setup that you never have access to the principle but just the income. Second there might be an age stipulation such as 21, 35 or so on.
Third you cannot change the trustee without proving in court that the current trustee is guilty of negligence or theft.
See a lawyer

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