So you landed yourself a date with a trust fund baby you think well theyre a little evasive about it because they were raised to not brag about their wealth.
It was nine months ago that i first met harry not his real name i was out drinking with friends in central london harry approached me quite timidly and attempted to flirt with me which i found adorable i gave him my number and did not think anything of it.
Span classnews_dt01102018spannbsp018332im dating a trust fund baby and he is absolutely wonderful hes actually one of the saner people ive met and tends to have wholesome values.
As far as trust funds go its no hilton fortune my mom claims she could have negotiated for a much larger settlement but she chose an amount that meant my sister and i could do what we love but still be motivated to earn money for the record that was a really smart move however that was the extent of her financial education.
The trust issue hasnt gone away were talking about having children and brett wants me to quit my job for a year or two after theyre born he says i have access to the trust fund too but the reality is that makes things even more complicated i have access to money as long as were getting along with each other and with his dad.
A young person whose parents are wealthy and have set up a trust for their son or daughter the trust fund ensures that the child will be taken care of financially.
Span classnews_dt20022012spannbsp018332because its irrevocable you dont have the option of later dissolving the trust fund once you place assets in the trust they are no longer yours they are under the care of a trustee.
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A trust deed sets out the rules for establishing and operating the fundype of trust a trust requires trustees assets create the trust and trust deed.