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Reply to "If you are a trust fund kid, why do you work?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Let’s stay on topic. Being a trust fund kid means getting access to $$ at a young age, generally 21 and under. If you inherit $$ in your 30s or 40s, you were clearly never a trust fund KiD 🤨[/quote] So the OP is asking only kids 21 and under why they still work? Don’t think so. And any parents who give their kids access to a trust that young are complete idiots.[/quote] My kids will not receive a dime until they turn 37. I set it up this way so they develop a work ethic and don't bleed our family money dry. They will be set with their financial spending habits by this age and it will likely make little difference to their lifestyle if we play our cards right. I expect them (all girls) to be educated, work, support themselves, and marry well (with pre-nump). They've known the expectations since birth since I never mince words around it. As of yet, they do not know they have a trust. I will inform them gradually as they get into their teens.[/quote]
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