What is the least amount of money you can use to open a trust?

Answer by  technogeek (6640)

It depends on the bank. You just need to speak to the peron in charge of new accounts and they will be able to tell you how much you need.

Answer by  BrianSJ (524)

There is no minimum amount required by law to start a trust, which may earn $100 or $300 of income without taxes depending on its structure. You should talk to your area accountants or lawyers to determine how much they will charge.

Answer by  Ginny (2251)

It doesn't necessarily require money. Real, tangible or intangible property is included among the assets that can be held in trust for your children. There are many different types of trusts, and they do not have a minimum asset limit.

Answer by  Jakecutter (1819)

This roughly depends per bank as policies are different all over. Some call for a little as 50 bucks or 100 dollars. Some even permit a trust opened without money.

Answer by  sc1234 (1319)

The least amount of money that you can use to open a trust fund will normally vary from bank to bank depending on who you bank with. I would go to different banks in the area that you live in and ask them what the minimum is for their bank.

Answer by  worker3742 (208)

It greatly depends on the trust that you choose. Various companies have various plans. Most likely you can implement a monthly installment plan if you need too.

Answer by  y3636363 (1380)

I think you can put in any amount of money to start a trust. It's not necessary that you open with a lot of money. Contact your bank and see what works.