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Home » Business & Finance » 7 questions to ask… 7 questions to ask when taking control of a trust By Dawn Doebler | @HerWealthTCG April 18, 2018 3:55 am 04/18/2018 03:55am While having more wealth at your disposal provides an increased sense of security, it’s also natural to have some fears. (Getty Images) WASHINGTON — As women control more of our nation’s wealth, they also are taking the reins on trust accounts established for their benefit. For many women, this may be the first time they have primary or sole control over a substantial amount of money. 5 steps to maximize the value of your health care coverage Consumer News While having more wealth at your disposal provides an increased sense of security, it’s also natural to have some fears around making a poor decision with this new source of wealth. We write about common money fears in our article: “ How to overcome your money fears and move forward .” If you are taking control of a trust for your own benefit, one source of fear may simply be fear of the unknown. Asking a few simple questions may provide the information you need to step into a more confident mindset.  There are a number of different types of trusts, each with its own set of legal characteristics. There also can be a wide range of complexity introduced by the nature of the assets held in the trust. For example, the structure of the income, distributions and underlying liquidity of a trust will vary if the trust holds commercial rental real estate versus a diversified portfolio of stocks and bonds. Whether the trust is newly created as the result of someone’s death, or an existing family trust established a generation or two ago, each trust has specific goals based on the original intent of those who funded the trust.

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