Reply to moral/ethical dilemma regarding trust fund spending

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[quote=Anonymous][quote]PP, why did it come as such a surprise that you would inherit a significant sum? Were you not aware of how much your parents had saved? Or is this old money that they had not touched?

This is a fascinating thread. It is so far outside the realm of my reality.[/quote]

NP here. My mom died fifteen years ago, and my dad sat my siblings and me down several years later when he was about to get married again and laid this all on of us. We were all in our 30s and had NO idea that we would eventually inherit seven figures each. None. My dad drove a 1968 VW bug - that he had bought used - until the mid-80s. My mom made a lot of our clothes and never bought anything that wasn't on sale, and I didn't wear anything but hand-me-downs until I started working and making my own money at 14. When I graduated college and started working for real, I found out that one of my company's clients used to have the name of the company my dad had worked for for a long time. It was still in operation under another name and very successful - he had stopped working there when it moved to LA. I didn't realize that he was an officer when it a) went public and b) was sold to a large conglomerate, hence the move. That was my first clue.

We were shocked when we found out actual amounts, and that was before he sold the house where we grew up (close-in suburb, bought in the 70s) in 2005, so that was another tidy sum. No family money, just him. It happens.[/quote]

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