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A trust fund is an account managed by a qualified adviser, termed the trustee, who manages the funds for the benefit of the beneficiaries. Combining trusts so they are managed as one fund is not always practical, as the terms of trusts can. A trust company is a corporation authorized to act as trustee for a group or organization. The advantage of a trust company structure is that it allows an entity to legally conduct business for another entity. That entity can be another org. Need help understanding Trusts? Learn more about the uses and purposes of each type of Trust. Revocable Trusts, Irrevocable Trusts, Living Trusts. questions is a privately owned website that is not affiliated with any government agencies. IRS.



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