§ 16550 Qualified Trust Company Definition

• •A 'qualified trust company' is a special part of a bank that handles trusts.
• •It can be part of a state or national bank in California.
• •It can also be a company that is allowed to work as a trust company in California.

You want to set up a trust fund for your child's education.

You would go to a qualified trust company, like the trust department of your bank, to help you set it up and manage it.