Blogger BlogNet97797

You've heard about people using trust funds for everything from handling their affairs while they travel to providing for orderly distributions to heirs when they pass away. So, just how do these funds work?

Parents often wonder how to provide for their children when they grow older, and one of the best ways to do so is to set up a trust fund. A trust is a logical step for those concerned about their child's welfare, and it can be a sort of safety net for a child once they reach adult hood. But, how do they work, exactly? Well, they are really just a type of fund that can be set aside in order to gain a bit of growth.

Trust funds can come in many different forms, and parents may choose to invest in savings accounts, CDs, bonds, stocks, real estates - practically anything that is considered a real "investment." Normally, a parent will have to appoint a "trustee" to watch over the funds that have been set aside, and many parents often put an age limit on a fund that prevents younger children from withdrawing a large sum of money.

If you are considering setting up a trust for your children, placing an age restriction on distributions is a good idea. Usually, parents want to ensure that children graduate from college before they touch a the money, and some even include certain restrictions regarding a child's lifestyle. How do they work to your advantage? Well, most grow in value over time through conservative investments, which means some serious money can accumulate.

If you set aside a savings account that is to remain a trust fund, you can expect this account to grow interest wise. However, certain types of investments (such as stocks) will not gain much interest. Therefore, the person that diversifies, will likely end up with a lot money in the bank (so to speak).

At the end of the day, a trust fund is something that allows you to harbor money for your heirs, but control the manner in which the receive it with an independent party overseeing the process.

Aazdak Alisimo writes about trust issues for TrustFundCompanies.com - your resource for finding trust fund companies across the country.

Let me tell you about a brain-damaged baby case I handled that started when a woman came to my office and told me about how she was in labor with her second child. She was admitted to the labor floor and apparently hooked up to a fetal monitor to evaluate the baby's heart rate and the mother's contraction patterns.

She was on the labor floor for hours with infrequent visits by a nurse and a resident doctor every so often. Mom told me that despite continued complaints of labor pain, her pleas to help went ignored. Nobody checked on her for more than an hour. When a nurse finally checked in on her, she noted abnormal fetal tracings and ran for the doctor. The doctor came in, examined the patient, reviewed the fetal monitoring strips and decided she needed an emergency cesarean section. All mom knew was that there was a problem with the baby.

At the time of birth, the baby had very low Apgars- the scores that are given to the baby to try and objectively asses the baby's well-being at the time of birth. The doctors look at whether the baby is breathing at birth, whether he's crying, moving his arms and legs. The color of his skin is evaluated, among other important factors that make up a baby's "Apgar scores."

Unfortunately for this mother, her child was deprived of oxygen, a condition known as hypoxia, which is a lack of oxygen, that led to brain damage. We claimed that the baby's distress was visible on the fetal monitor tracing that went ignored, along with mom's complaints. The doctor who was responsible for this patient initially claimed the patient didn't need an emergency c-section, but then later changed his testimony and claimed it really was an emergency c-section because the baby was in distress.

Anoxia is a term doctors use to mean "no oxygen."
Hypoxia is a term doctors use to mean "lack of oxygen."
Either condition is extremely bad for the baby since our brains require oxygen to survive. If the baby's brain is deprived of oxygen of a period of time, the baby can experience permanent and irreversible brain damage.

In our case, I was able to successfully resolve the case in favor of the mother and child. Obtaining appropriate compensation as a result of the failure to recognize fetal distress during delivery allowed mom to be able to support her disabled and brain-damaged child for the remainder of her life.

Gerry Oginski is an experienced medical malpractice and personal injury trial attorney practicing law in Brooklyn, Bronx, Queens, New York, Staten Island, Nassau & Suffolk. He has tirelessly represented injured victims in all types of medical malpractice, wrongful death and injury cases since 1988. As a solo practitioner he is able to devote 100% of his time to each individual client. A client is never a file number in his office.

Take a look at Gerry's website http://www.oginski-law.com and read his free special reports on malpractice and accident law. Read actual testimony of real doctors in medical malpractice cases. Learn answers to your legal questions. We have over 200 FAQs to the most interesting legal questions. Read about his success stories. Read the latest injury and malpractice news. I guarantee there's something for you. For more information, call him personally at 516-487-8207.

Also, go over to http://medicalmalpracticetutorial.blogspot.com for Gerry's free instructional videos on New York Medical Malpractice & accident law.