Educational Trust Definition For Dummies

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Multi-State
Control #:
US-0131BG
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Description

An educational trust specifies that trust funds are to be used for education. In the trust document, the grantor names a trustee and beneficiaries, and also states how trust money is to be used. If the trust will become operational immediately (see below
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  • Preview College Education Trust Agreement
  • Preview College Education Trust Agreement
  • Preview College Education Trust Agreement
  • Preview College Education Trust Agreement
  • Preview College Education Trust Agreement
  • Preview College Education Trust Agreement
  • Preview College Education Trust Agreement
  • Preview College Education Trust Agreement

How to fill out College Education Trust Agreement?

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FAQ

A trust is a fiduciary1 relationship in which one party (the Grantor) gives a second party2 (the Trustee) the right to hold title to property or assets for the benefit of a third party (the Beneficiary).

A trust fund is an estate planning tool that is a legal entity that holds property or assets for a person or organization. Trust funds can hold a variety of assets, such as money, real property, stocks, bonds, a business, or a combination of many different types of properties or assets.

An educational trust is a trust where the money and/or property contained within go towards supporting someone's education, or to establish or finance schools.

In general, setting up a Canadian trust costs no less than $1,500 as a minimum. But keep in mind that a legal professional generally charges you on a per-hour basis.

Setting up a trust: 5 steps for grantor Decide what assets to place in your trust. ... Identify who will be the beneficiary/beneficiaries of your trust. ... Determine the rules of your trust. ... Select your trustee or (trustees). ... Draft your trust document with an attorney.

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Educational Trust Definition For Dummies