Special rules apply if the trust will hold stock or shares in a corporation, and particularly if the corporation is an â S Corporation. â Only certain trusts can be shareholders of an S corporation: 1  Grantor trusts.
TANF stands for Temporary Assistance for Needy Families. It is a federally funded grant program that allows states to create and administer their own assistance programs for families in need. TANF replaces the federal programs previously known as welfare, and enables states to offer a wide variety of social services.
It replaced Aid to Families with Dependent Children, or ADFC. TANF is a by-product of the welfare-to-work laws enacted by Congress in the 1990s. Its main objective is to help families who meet low-income guidelines get back to work by providing temporary financial support, job training and other related services.