Picking the best trust fund for a child?
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anestassia
Apprentice
Joined: 13 Jun 2010
Posts: 2
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 Posted: 06/29/11 - 06:27 Post subject: |
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| Hi. I am interested in setting up a trust fund for my daughter. Mainly for her education later on. But how do I go about this? I am hoping that people here would be able to give me some suggestions as to which trust to pick? As this is a big decision, I want to be sure that I pick the best only! |
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kylen
Apprentice
Joined: 02 Oct 2010
Posts: 2
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| Posted: 07/28/11 - 23:17 Post subject: |
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| I remember that my parents opened a traditional savings account for me when I was a child. They loyally deposited money into the said account every month. When I got to 14, I received a bank card for this account. Spending spree, here we come! In less then a year, I managed to spend all of it. My parents were shocked when they found out! Make sure to lock the fund until your daughter reaches 18... |
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