A trust fund is a legal arrangement in which assets are held and managed by a trustee on behalf of one or more beneficiaries according to the terms set by the creator of the trust. Trust funds can hold a variety of assets, including shares, bonds, mutual funds, cash, and real estate. They are commonly used for estate planning, asset protection, and wealth management, helping ensure that assets are distributed and managed according to the trust creator's instructions while supporting long-term financial objectives.
