Trust Fund vs Custodial Account: Choosing the Right Option
Trust Fund vs Custodial Account: Choosing the Right Option
Jan 15, 2025
cgaa.org
💡 Unit Trust vs Fixed Trust - what’s the difference? Both let multiple people invest together, but how ownership and income are split is what sets them apart. 📊 Unit Trust: For example, if two people were to purchase a property through a unit trust, if one person puts in $500,000 and another puts in $400,000, their share of the trust (and the income) matches what they put in. 📑 Fixed Trust: Everyone’s share is locked in from the start. The trust deed sets out exactly who gets what, with no fl
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