**Term of the Day**

Trust Fund

A trust fund is a special type of legal entity that allows a person or organization to hold assets they will eventually be given to another person.

For example, a mother could hold $20,000 in stock for a son or daughter, with the stipulation that they receive the money when they reach age 21. A trust fund also offers huge asset protection benefits and tax benefits.

A trust fund can hold almost any asset imaginable from stocks, bonds & real estate to mutual funds, hedge funds as well as art.