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What’s the average trust fund amount?
In this article, you’ll learn about:
Let’s dig in.
A trust fund is a legal setup where a trustee holds and manages assets for beneficiaries.
The assets in a trust fund can be in the form of:
Trust funds get set up to give the beneficiaries:
Trust funds can get used for a variety of purposes, including:
The average trust fund amount in the United States is $1,227,000.
The total value of trust fund assets in the US is $31.6T.
This table shows the average trust fund amount by type of trust.
Trust Fund Type | Range |
---|---|
College Tuition Trust Funds | $10,000 - $50,000 |
Retirement Savings Trust Funds | $1 Million - $10 Million |
Estate Planning Trust Funds | $250,000 - $1 Million |
Charitable Trust Funds | $10,000 - $50 Million |
Special Needs Trust Funds | $500 - $100,000 |
Investment Trust Funds | $100,000 - $10 Million |
Life Insurance Trust Funds | $25,000 - $1 Million |
Business Succession Trust Funds | $500,000 - $5 Million |
Tax-Deferred Trust Funds | $500,000 - $100 Million |
Spendthrift Trust Funds | $100,000 - $1 Million |
This table shows the average trust fund amount by age group.
Age Range | Average Trust Fund Amount |
---|---|
Under 35 | $180,000 |
35-44 | $570,000 |
45-54 | $1 million |
55-64 | $1.7 million |
65-74 | $2.4 million |
75 or older | $2.6 million |
There are several advantages to setting up a trust fund, including:
Flexibility. Trusts can get structured in a variety of ways to meet the needs and goals of the creator and beneficiaries. A trust can provide ongoing support to a beneficiary or distribute assets in a lump sum.
Here are the general steps involved in setting up a trust fund:
Documents needed to set up a trust fund typically include:
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This website is for informational purposes only. It is not legal advice. Consult an attorney if you are seeking legal advice.