There are a lot of misconceptions surrounding trust funds, for example the idea that the trust fund solution is only an option for you if you've very rich. Wrong!

Once you're familiarized with not just the meaning or definition of the term "trust funds" but also with the way in which the industry works, it will all become crystal-clear.

This video explains what trust funds are all about through various examples and tips in just one minute. Once the concept is explained to you properly, you'll be able to decide whether or not this is a good solution for you and your family.

Make no mistake, trust funds aren't the best thing since sliced bread for absolutely everyone. It all depends on variables such as your family situation, the legal landscape of your country and so on.

However, for many individuals (again, we're not just talking about rich folks here), trust funds can represent an excellent solution and the examples shared in this video will explain why.

The final decision is yours and only yours to make, One Minute Economics is just here to make sure it's an informed one :)

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