How Often Should I Review And Update A Trust Fund?
Trust funds are legal arrangements that allow a person to store assets in an account intended to benefit someone else. For example, a parent can create a revocable trust (also known as a living trust) to place college funds in a special account for their child. In this scenario, the assets in the trust could only be used to pay for the child’s college education in the future. Trusts are helpful for those who need to provide assets but want to ensure the funds are handled responsibly. Once you create a trust, you might wonder if you ever need to update the terms on the legal document. Our knowledgeable law firm has all the answers you might be looking for! Read on to learn more, or speak with a Des Moines Trusts Lawyer for individualized legal counseling.Get Help Today