Reply to Ideas for “frivolous” spending

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Dear OP: I don't think you are a troll and I also don't think you are really getting 5K a month. I think you are a smutty book writer trying to plot fill. Amirite?[/quote]

Truth is wilder than fiction. I’m not a writer, just a nonprofit exec whose family has money but who personally does not (relatively speaking). As mentioned previously, I’m very fortunate in that all my normal living expenses are covered, so this extra 5K/month is really just that - extra![/quote]

I think this is theoretically possible, like someone could set up a trust where distributions were only for this.

But I mean, realistically, who is going to agree to be the trustee of this? And even if this relative got a friend to do this, they’d probably just make OP read the trust agreement and say it’s for handbags or whatever and then just cut the checks.

OP if you’re the only beneficiary of this weird trust, and the trustee is not strangely and zealously invested in the terms, no one is ever going to look hard at this.

Who has the power to appoint the trustee?[/quote]

You’re right, of course - no one is looking hard at my spend beyond the obvious (e.g. I’m not depositing it in a savings/ investment account or directly donating it, etc.). Honoring the spirit of my relative’s eccentric bequest is important to *me*.[/quote]

I really don’t believe anyone is even looking at that. Because if the trustee is friends or family or you, who would care to enforce something like that. And I don’t think a professional trustee would take the job.

Is this a situation where the relative didn’t want a HEMS standard so they wrote in some extra stuff? [/quote]

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