Reply To: What is a trust fund?

[Ann L. Lowenstein]

A trust fund is an inheritance (usually but not always a sum of money) set aside for a person, which they will receive when they reach a certain age, and/or fulfill certain life goals. For example, Grandmother Upperclasstwit wills the balance of her estate to the Friends of the Cholla Cactus Society, but sets aside 5 million dollars each for Miffy, Dunstan, Croatina and Herkimer, to be paid in one lump sum when each of the little darlings reaches his or her 23rd birthday; but only if they’ve completed a college education; otherwise the money reverts to the Friends of the Cholla Cactus Society. Trust funds are supposed to protect minor children from greedy relatives and/or their own baser impulses, and sometimes it even works.

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User Detail :  

Name : Ann L. Lowenstein, Gender : F, Sexual Orientation : Straight, Race : White/Caucasian, Religion : Animist, Age : 37, City : K.C., State : MO Country : United States, Occupation : Administrative Assistant, Education level : 4 Years of College, Social class : Middle class,