The Bridgeport times and evening farmer., 1920-08-06
VOLUNTARY TRUST DESCRIBED BY
 BANKING EXPERT

BANKING EXPERT
 Trust companies handle two great 1asses of trusts-5orporate trusts, or those created by corporations usually for the benefit of holders of their se- curities, and individual trusts, which are created by individuals for, the benefit of other individuals or chari- ties. Individual trusts are again di- vtaed into "testamentary trusts" that ds, those created by a persons will and, which do not begin to operate until after his death, and voluntary trusts" which become active during the lifetime of the market. They are sometimes known also as Giving trusts" This article will consider only the voluntary. or living, trusts.
 Broadly speaking, a voluntary trust is an agreement whereby the owner of property of any kind-real estate, stocks, bonds, mortgages cash-turns over the actual man agement of his property, for a speci- ned length of time, to a trustee, usually "a trust company. Frequently the owner reserves the right to re- sune control of his affairs at any time that he may desire, without waiting for the expiration of the time limit. The trust company is charged by law to administer the funds solely and absolutely in the interest of those whom the trust is designed to benefit, according to the terms of the agreement. Needless to say it carries out those terms in the most scrupulous and painstaking manner.
 Why do persons turn over their affairs to a trust company under such an arrangement
 Perhaps the most usual case is that of an individual who has inner tted fortune and who does not feel ters to assume the details of it's management. By creating a volun- tary trust in favor of himself, he can be assured that his property will re- ceive wise and conservative handling, and that he will enjoy a sure income from dt without any of the work and care connected with its manage menE .. z, '--.-,.., f
 Again, one who has accumulated wealth through years of endeavorImay wish to be free to enjoy it in his later years without the burden of it's control. Or perhaps a business man, with many interests and many invest ments, may wish to go away for years rest. Another man may be so engrossed in his business activities that he is not able to devote the at tention to his investments that their proper care requires A widow or an invalid, left with property, may tire under the strain of it's manage mont. In any such case, the vol unt tiry trust provides a ready means to turn over the management of the properties, with it's attendant thought and care, into sound, experienced and responsible hands.
 Trust funds are likewise often cre- ated with merely a portion of the makers fortune. He may wish to set aside certain amount of money to be invested carefully-or turn over actual securities-and have the in- come devoted to a specified purpose. In this way, he may create a fund for the benefit of his children, to be distributed when they become of age, or to be used in providing them with an education, or to assist them in starting in business. He may, in this manner, give his daughter wedding gift in the form of money or investments and at the same time be assured that it will be protected and that she will receive her income Irrespective of the business fortunes of her husband. Similarly, he may bestow his benevolences on charities sure of the wise management of the fund and It's proper distribution. He may. likewise create a fund to pro- vide monthly allowances for his chill dren, or for an aged or infirm rela tive. and know that the allowances will be received regularly without alK attention on his part.
 How is such a trust created? By drawing up agreement, sometimes called a "deed of trust" in which the exact desires of the maker regarding g the payment of the income and the final distribution of the principal are set forth. The funds may be de- posted in cash or in securities, in one payment or in periodical install ments. If the maker desires, the collection of rents, the matters of re- pairs, taxes and insurance in connec- ton with real estate, may be made a part of the agreement. In any event. the trust company becomes re- snonsible immediately for the wise, careful investing or all cash funds, for the physical safety of all securi- tias, for the payment of income to the proper persons, and for all the clerical details, working at all times in complete harmony with the wishes of the grantor as expressed in the trust agreement.
 In constant touch with the secur 1ty markets and With every facility for analysing investments and placing the funds of it's clients so to bring the highest return consistent with unquestioned safety-watchful to see that the requirements of the law are met in all matters connected with the trust-available at all times-me- thodica1 in records and reports-of perpetual life, the trust company of today works firmly and unswervingly inf the interests of those who have committed trusts to dts care-"in- tensely public in character as regard: it's financial responsibility and in tensely private in character as re gards the personal affairs of it clients
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