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Oct 27, 2021 · With that all said, here are three common misconceptions about kids of trust funds, debunked. 1. Trust fund kids all come from ridiculously rich families. While many wealthy families do establish ...
Nov 10, 2023 · According to a Forbes article published in 2021 about trust fund kids, three of the most common misconceptions are that trust fund kids all come from ridiculously rich families, they have it easy, and everyone who has serious money must have a trust fund. [1] While these misconceptions may apply to some trust fund kids, it does not apply to the ...
Nov 14, 2023 · According to a Forbes article published in 2021 about trust fund kids, three of the most common misconceptions are that trust fund kids all come from ridiculously rich families, they have it easy, and everyone who has serious money must have a trust fund. 1 While these misconceptions may apply to some trust fund kids, it does not apply to the majority. The reality is that a trust fund kid does ...
A trust fund kid is simply someone who receives money from a trust that has been set up for their benefit. Misconceptions. According to a Forbes article from 2021, there are several misconceptions about trust fund kids. One of the key misunderstandings is that all trust fund kids hail from outrageously rich families.
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- Trust fund kids all come from ridiculously rich families. While many wealthy families do establish trust funds, not all trust funds are for children of well-to-do parents.
- Trust fund kids have it easy. Sure, if you are indeed part of that small percentage of people who inherit a large lump sum of money through a trust fund, it could make life easier in many ways.
- Everyone who has serious money must have a trust fund. It’s easy to peg someone as a “trust fund kid” just because their family seems to have a lot of money.
Nov 10, 2023 · What Is a Trust Fund Kid? According to a Forbes article published in 2021 about trust fund kids, three of the most common misconceptions are that trust fund kids all come from ridiculously rich families, they have it easy, and everyone who has serious money must have a trust fund. [1]
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Nov 30, 2023 · If your child keeps the trust funds separate from his or her own assets, the trust assets will not be included in the child’s estate tax obligations at the time of the child’s death. Since the IRS treats the trust as a separate legal entity from the child, the IRS does not consider those assets in the trust to be part of your child’s estate.
