I was told that in a will it could be in the name of more than one person, but in a trust fund it is only in one persons name.
Sheila,
No - a trust can have multiple beneficiaries - or just one. It can also be written to have beneficiaries at different times- or may exists as a "Dynasty Trust" which may have future beneficiaries which have not even been born yet. Trusts allow flexibility and creativity far beyond what is available within the constructs of a Simple Will.
