davec@dciem.UUCP (Dave Cote) (01/17/84)
I recently received a mailing from 20th Century, the mutual fund company, about a new trust mutual fund they have started. It is called Gift Trust and is an easily established, unrevokable trust. You can continue to add money to the trust after your initial contribution, but neither you nor the beneficiary can change the terms of the trust once it is established. There has been previous discussion in net.invest about trust funds. From what I gathered, a Clifford Trust was the best deal since you got your principal back upon the termination of the trust. (Thus, a kid who you saved money for in hopes of him/her going to college doesn't spend all of what you managed to save on expensive highs). Since the Gift Trust offered by 20th Century isn't of the Clifford Trust variety (the beneficiary has control over all funds in the trust once the trust is due), I am not that interested in it. Does anyone know of a Clifford Trust type mutual fund? Dave Cote !utzoo!dciem!davec