When you hear the words "trust fund," do you conjure images of stately mansions and party yachts? A trust fund - or trust - is a great estate planning tool for many people with a wide range of incomes who want to accomplish a specific purpose with their money. There are many reasons to create a trust, and being rich isn't necessarily one of them. You just need to consult an estate planning attorney to help you identify the best unique strategies for you and your family.