How to set up a trust fund in 2023. It’s something that is easy and frankly something that I think everyone should be doing. Today, I’m going to give you what I think you need to know on how to establish a trust fund (step-by-step).

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You can give your property to your children, you can donate it to a nonprofit, you can give it to a close friend or mentor that impacted your life, a cousin/nephew… whoever you want. You get to decide. And you should.

Chapters:

Intro (0:00)
Why Should You Start a Trust Fund? (0:45)
What is a Trust Fund? (2:06)
What Terms Do You Need in Your Trust Fund? (4:39)
How to Create Your Trust Fund (7:50)
Appoint a Trustee (8:53)
How to Execute a Trust Fund (9:32)
Trust Fund vs a Will (10:20)

To properly execute the trust you must sign it in front of a public notary. The notary should also stamp or sign off on your trust as well.

Now while you are it, you should also sign the trust in front of a witness and this person cannot be a beneficiary in case that a legal argument arises. After the trust is executed then bang! You have officially established a trust fund.


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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).