A trust fund is a legal means of looking after assets - such as money, land, property and investments - for people who are unable to themselves. The control of assets is placed with one or more trustees for the benefit of one or more beneficiaries, who will receive the assets.
It is the role of the trustee or trustees to manage the trust fund and carry out the instructions of the person who set up the trust - known as the 'settlor'. It is the settlor's wishes and instructions which make up the trust, usually stated in their will or in a trust deed.