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Money and Finances
Reply to "Do you have a trust fund?"
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[quote=Anonymous]I don't and never will but a cousin does via marriage. The father of her DH sold a company for nearly 1B and divided a portion of the proceeds so each of his many kids received about $22 million per kid/couple. From what I can tell, they have used some of it to fix up a house, buy a country property, send kids to private school and take nice vacations. They don't really have to work but have used some money for the husband to start a company. They benefit from the family private jet and vacation properties but don't have to pay for them because his parents are still alive and kept half of the money for themselves for now. I've heard that at least one sibling blew through the money. The kids were all in their late 20s at least when they came into this wealth although they had always lived a very upper middle class lifestyle when young - no private school though.[/quote]
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