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Reply to "If you are a trust fund kid, why do you work?"
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[quote=Anonymous]I know someone who stands to inherit an east coast old money fortune as the sole heir. They do not need to work, but they do. They went to fancy schools and earned a PhD. They don’t work hard in terms of hours, but they have a sweet gig with an impressive title and enjoy a really nice balance. The parents bankroll a nice lifestyle for their family (think: nice home, but not flashy (good size, completely renovated and decorated; lots of travel; high quality clothing but very understated (you don’t notice brands)). I’m a relative by marriage and curious if the estate will include the creation of a foundation or some such. It’s too much money for anyone, really. The parents already started transitioning some real estate and art to other things (including charity). [/quote]
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