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[quote=Anonymous][quote=Anonymous]I'm just curious to learn more about the kind of people who have trust funds. I had never met any people like this until I moved to DC, got married, and started seeing these people at work and among DH's colleagues. So if you have a trust fund can you answer these questions:

1. What is your ethnic background? (WASP, Jewish, Asian, Hispanic, etc)
2. Did you come from "old money"? How many generations back does your family have wealth?
3. What is the size of your trust fund? If you're not willing to type a number, a range would be great.
4. At what age did you receive it?
5. When did you find out that you had a trust fund? When you were a kid? When you were in college?
6. What do you plan to do with it?

Thanks! Just curious. I'm from a solid middle-class family. I worked as a babysitter and a dog walker as a kid and teenager, mowed lawns for cash, saved up to help pay a portion for my new car, and went to a state university for the in-state tuition and scholarship money. So this is a world I know nothing about![/quote]

1. American / Jewish

2. Define "old money"... My family on one side was  well off 100 yrs ago and lost it in the Depression.  My grandfather and father built back up (primarily my father) in the 1950s - 1990s.   The funds have been distributed and trusts dissolved, per their terms.

3. 7 figures each to my brother and me.

4. I received nothing until both my parents died., my father when I was 55 and my mother when I was 57.

5.  Found out when I was about 48.  I assumed nothing and did not include it in my planning until it was distributed.

6.  It allowed me, along with my own savings and investments/ retirement plan, to retire from a dysfunctional work environment.  Plan to live comfortably at a similar or slightly higher standard than we have (including a house renovation), and hope to leave significant $ to charity (high six figures-low seven figures).

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