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Relationship Discussion (non-explicit)
Reply to "“Family money” becoming more important in dating"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Trusts protect adult kids and grand kids from bad divorce situations. They also protect said kids from second and third family drama and loss of financials. What’s the word everyone needs in their revocable and irrevocable trusts? Mutual descendants only. [/quote] Spendthrift trusts can also protect the next generation from their spendthrift parents, or they can protect a direct descendant from their spendthrift spouse. This is how 99% of trusts work. Posts like OP's are because some uneducated people think they are entitled to another family's money by marriage, which is just not the case and never will be. [b]Think about it from the perspective of the person who earned the money and set up the trust[/b]. [/quote] I think a marriage into a family like yours: the husband and wife need to realize they will never be the only two people in that marriage. Not everyone is attracted to that kind of arrangement, especially when you are talking about high earning individuals themselves. Go in eyes wide open. [/quote] I don’t get it. A high earning spouse doesn’t like trust fund benefits? Of their own or their spouse? Why would you make that claim? [/quote]
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