Thread replies: 4
Thread images: 1
Thread images: 1
Anonymous
How Do Trust Funds Work? 2017-03-03 02:42:14 Post No. 1831014
[Report] Image search: [Google]
How Do Trust Funds Work? 2017-03-03 02:42:14 Post No. 1831014
[Report] Image search: [Google]
File: trustfunds.jpg (43KB, 600x399px) Image search:
[Google]
43KB, 600x399px
Hey guys I have a question that I don't really know how I should approach asking my dad about but I figured Id ask here first.
Do all trust funds work in the same way?
Do they like provide regular pay outs like stock dividends?
Basically when my dad passes away his trust fund, which is worth about $14 Million will be divided up between his 3 children. He said by that point it would be worth about $3 Million for each of us.
I'm just curious how Trusts even work.
I already have $420K in stock holdings and receive dividends from that.
>>
>>1831014
It depends on what is stated in the Trust documents. There are lot of different types of Trusts that a lawyer can draft up. Some pay out income to you on a monthly basis, some only pay out "as needed", some only pay out for medical/expenses, and some you dont get anything until a certain age.
TL;DR read the trust docs.
>>
>>1831037
Basically this. Also, someone is appointed the trustee and they have a lot of power in terms of any future modifications to how the trust works or resolving any other issues.
>>
>>1831014
I think you mean between the four of us brother.
Thread posts: 4
Thread images: 1
Thread images: 1