Learn how trust funds work, their benefits, and the differences between revocable and irrevocable funds. Understand how they manage and protect assets for beneficiaries.

While commonly associated with the wealthy, trust funds can be used to ensure your child's financial security—regardless of their income level. When you think of a trust fund kid, what comes to mind?

What Is a Trust Fund? A trust fund is a financial account in which assets are held for the benefit of another person or organization usually for the purpose of providing financial support for a family ...