How To Start A Trust Fund?

Decide the purpose of the trust

Choose the type of trust

Select the grantor

Select the trustee

Choose the beneficiaries

List the assets to place in the trust

Draft the trust document

Sign the trust document

Notarize or witness the document if required

Transfer assets into the trust

Obtain an EIN if needed

Open a trust bank account if needed

Keep records of trust assets and transactions

Review and update the trust as needed

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