Fact Check: Most people that open trust funds are broke and use trust funds to build wealth from scratch.

Claim: Most people that open trust funds are broke and use trust funds to build wealth from scratch.

Verdict: Unverified (45% confidence)

Explanation: The search results do not provide evidence to support the claim that most people who open trust funds are broke or that they use trust funds to build wealth from scratch. Sources such as MetLife and Investopedia describe trust funds as tools for managing and distributing assets, often used for estate planning, but do not address the financial status of individuals opening them or their purpose in terms of building wealth from scratch. Without direct evidence confirming these specific aspects, th...