How do I use a trust fund and what to use it on?

You didn't mention whether you are the Trustee of the Trust, but your question indicates that you do have the authority over the funds.

The answer depends on the terms that are written in the trust document and the needs of the trust beneficiary.

You are a fiduciary if you are the Trustee. A fiduciary is someone who manages another person's money. The trustee must act in the best interests of the person who put the funds in their trust.

Your first step would be to find an elder law attorney who can advise you on your role, the terms of the Trust, and the best way to carry out the instructions of the person who put the Trust in place.

need more information, what type of trust, who is the trustee, who is/are the beneficiaries?

What are the guidelines written up with the trust itself?

Vacation. Serously. If you have a trust fund, take a vacation. Then hire a wealth management expert to advise you on how to manage it properly.

Some people use a trust fund to give their children or a charity a certain dollar amount each year... that way the children cannot change what the trust fund dictates, like wanting the whole estate at once.

Jayden - are you perhaps referring to the "trust fund" account at the NH? Do you have a parent in a NH that is on Medicaid?

Both my mom's NH called her personal needs care account (for TX the personal needs amount is $ 60 a mo) a "trust fund". I got a statement on mom's "trust account" every 90 days. Is this the type of "trust" you are asking about?