trust fund baby jokes
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. Here's what the generation is up against if the coronavirus triggers another recession. Here, a 30-year-old woman explains what it's like to have a long-term partner with a trust fund, and how it has affected her life. They believe that their own personal opinions, personal ideologies, personal interests are the only things that matter and they design their grantmaking programs accordingly. While a will covers all property you own, in a trust, you must actively note what property you're including in the trust. And I enthusiastically embraced $5 tacos for my 25th birthday dinner. Thats a trust fund baby too. As far as trust funds go, it's no Hilton fortune. Lover with no dollar sign. Tags: Whether or not a trust fund baby chooses to attend college, he must eventually consider what he would like to do with his adult life. Money in the trust may be managed by the benefactor, a third party, or, eventually, the child. Working hard, a little bit of self-denial, and being nice just might be. And I adore my friends, especially since they keep me grounded. Some trust fund babies are successful and productive. I could pay off any credit card bill with a click of a button. Were all really impressed you managed to get a job at TFM without your parents money. White or transparent. People have every right to hate me for this. You may opt-out by. The grantor is the person setting up the fund, the trustee is the person who manages the assets in the trust, and then the beneficiaries are those who benefit from the trust when they meet any eligibility requirements. A great example is the Kardashians. Sign up for our free Forbes AI Investor Newsletterhereto get AI driven investing ideas weekly. With tools like this, theres nothing holding you back from setting up a Trust to protect your loved ones and future generations, no matter how big or small. An excellent decision, it turns out. Read them and you will understand what jokes are funny? His parents sold his grandparent's company for around a hundred million dollars. Indeed, some trust fund babies feel no need to have a career, choosing instead to live on the money they have inherited. Irrevocable trust, on the other hand, cannot be modified by the grantor. A trust fund baby may be provided with the care of a nanny. The car saw me and swerved out of the way just in time (thank God). Most commonly, youll see a parent set up trust funds for their children, or a grandparent for their grandchildren. In 2018, Iman and her daughter got tattoos to pay tribute . There's little doubt that trust-fund babies are pigeonholed but the trust-fund baby demographic may not be as narrow as society deems to it be. "Because you are the only one I got besides my father and brother," +. I almost crashed twice, once racing someone on the highway. Don't trust atoms. Overview. I donated lavishly to charity. Use section headers above different song parts like [Verse], [Chorus], etc. And I say to people, "That's my lady". The median amount is about $285,000 (the average was $4,062,918) enough to make a major, lasting impact. At least, that's what society is led to believe. Not only can you make sure your loved ones have a layer of protection, it will be on your terms. Trust fund babies have the security of reliable income to live on -- and in many cases, they live quite well. I think so. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. Its a red flag. One time I wired $6,000 to Thailand to help out a former tour guide who was in a financial scrape. Oh, and so they dont get questioned at dinner parties about their childrens misdemeanors. Trust-fund babies a group of over-privileged, spoiled, adult-children that people love to hate. Didnt need dads help or money to get it. Their results are fake. We recommend taking the time to think through some of these prompts slowly and carefully so that youll feel confident moving forward: What assets do I want to put into the trust fund? People are quick to the trigger to label me as spoiled or stuck-up. And while trust-fund babies are often thought of as heirs to massive fortunes, like Buffett's, trust funds aren't just for the uber wealthy anymore more people than ever are faced with making crucial financial decisions for their heirs. Im going to have to agree with Fratstarbator on this one. Dont take money from a trust fund baby because theyll likely take unnecessary risksand when it all blows up daddys lawyer will be up in your face. Though it's hard to track down data on trust funds thanks to self-reporting biases and the shame around inheriting money, the most recent Survey of Consumer Finances report showsless than 2% of Americans had inherited money through a trust fund as of 2010. Five years ago I was sitting in a cafe sipping a $2 coffee quietly while reading my Harry Potter book. To learn more, check out our transcription guide or visit our transcribers forum. It's a complete ripoff. Things get worse when the silver spoon kids start giving advice. For legal advice, please ask a lawyer. Take, for example, Warren Buffett's philosophy that you should give children "enough to do anything, but not enough to do nothing." Something just feels off about a person you meet in business or through your side hustle. These people are pampered beyond limit. I could spend it all, make bad investments, etc. A trust fund holds property or assets on behalf of another person, group or organization. Joke 14: What candy bar do most infants prefer? ALEXUS'S POV..! Generally, there is just a lot of time in a day that needs to be filled with something. Funding a trust immediately upon the birth of a child and then each year thereafter permits clients to build up sizable educational funds for children or grandchildren without concern as to whether they will be around when the funds are actually needed." Trust structures for newborns Judy Spalthoff, executive director and head of family and philanthropy advisory at UBS Wealth Management, told Business Insider, "A trust fund is a term used loosely in society for funds held in trust.". Do you have a special item you want to transfer? Do business and be inspired by executors, not trust fund child actors. Our society loves to hate on them, and in some cases, its rightfully so. Trusts can be made up of assets such as : Setting the terms of the Trust is an important aspect of estate planning. We met when I was 17 and he was 19- Loved each other from the start and the rest is history. Jordan laughs as she takes her phone back from his hands. Image source: Getty Images. TXTs 2nd Mini Album: Thursdays Child depicts a brutal breakup form the members' perspectives. Decorate your laptops, water bottles, notebooks and windows. The trust may be managed by the benefactor, a third party, or the child after time. Regardless of their wealth status, parents may set up trust funds for their kids for a gamut of reasons like saving for college, protecting children with special needs, putting away money for a family business, continuing support after receiving a terminal illness diagnosis, establishing a line of inheritance and future-proofing of all kinds. It's up to the trustor to decide on the terms or rules for how the trust fund should be managed, which can vary from family to family. A trust fund is technically " a legal entity that holds property or assets for the person who created it, " but I assume you're interested in knowing about situations in which the person who. Maybe they go to a good school, don the best brands, drive beautiful cars or travel endlessly. Every person I know who struck it rich via IPO or similar also works. Editorial assistants are notoriously low-paid (which is probably why it attracts so many entitled white girls). I did finally land a job I loved, and worked hard at it. Being a trust-fund baby felt like a core part of my identity, like my sexual orientation or being a writer. Since you can maintain control over the business while you're alive and, since trusts don't go through the probate process, you can transfer your ownership share much more smoothly and avoid onerous estate taxes by utilizing a trust. (Her son, CNN anchor Anderson Cooper, is not a trust fund baby, as his motherexpected him to make his own way in the world.). And I was like, "Oh God. Do you want to keep part of your estate plan private? Instead of leaving his inheritance alone which would have grown to more than $70 million today Peter used it as a head start to build a career as a musician. There are different types of trust funds, and the assets and property can range from cash and stocks to real estate and a private business basically anything of value. No. Decide when and how you want the child to receive the funds from the trust. People are also becoming and more aware of the financial advantages of setting up a trust. However, there are so many individuals who benefit from a trust fund but work for a living, and live a humble lifestyle. Basically, a trust fund is just a way to hold property (like money or real estate) for future generations. That person doesn't have to be a child and it can even be an entity, such as a charity. The term trust fund kid may summon thoughts of the rich kids of the internet; you know, chartering private planes and driving (or, rather, not driving) their falcon-winged Teslas. I spent my days eating organic eggs benedict at the local caf, doing The New York Times crossword puzzle, then traipsing off to afternoon yoga. Paris Hilton is probably the most infamous of all the trust fund babies that are out there today. "Trust me," I said, "I have no idea where our baby is." Score: 1906. I get satisfaction from watching my emergency savings rise. Have a frank discussion with your business partners about heirs and make sure everyone's on the same page about the future of your company. Still, I knew this couldn't be the point of life. You will also need a trustee to run your trust and oversee distribution of its assets according to the details in your trust documents. TXT Performs 'Trust Fund Baby' | #MTVFreshOut MTV 10.6M subscribers Subscribe 57K Share 449K views 8 months ago TXT joins MTV Fresh Out to perform 'Trust Fund Baby.' Paramount+ is here!. She can fail 99 times in a row and still be a millionaire. From $2.21. Be smart when giving your money away. It is implied throughout this song that they are explaining to a loved one that they cannot be together due to the cruel world charging a bit to much more than they are able to provide. Making the world smarter, happier, and richer. Since trusts aren't tied up in probate, you can rest assured that your children will receive their trust soon after your passing (or during your life, if you've decided to set up a living trust) without the hassle or public nature of the probate process. Realized I absolutely failed to capitalize on my situation. ", Another user writes: "A wealthy, privileged child with no real world skills. "I might have said it as a joke but, why didn't you call him instead of me?" He wonders and she just shrugs, she doesn't know the answer to that question. A trust fund is a legal vehicle that's used to hold and manage assets, including property, to benefit an individual. There was a time when setting up a trust for a child was mostly for the very wealthy. It allows my parents to protect their. Revocable trusts allow the grantor (the parent) to retain control over the trust, but it will remain subject to seizure in legal circumstances. The facts: The two trust funds that pay out Social Security benefits one for retirees and their survivors, the other for people with disabilities have never been part of the federal government's general fund. "You don't trust him that much, don't you?" That person doesn't have to be a child and it can even be an entity, such as a charity. She agreed. my road to medical school was pretty easy when my parents payed private school and college tuition for me. If you want to transfer stock, then youd change the ownership title on your stock certificate. They have an important job of managing the assets in the trust, and ensuring that the assets are distributed according to the terms that have been set up. The combination of a surplus of wealth and a lack of responsibilities can lead to aimlessness, dissipation, or even self-destruction. I read nonfiction books, which told me that strong relationship bonds, not money, were the best predictor of happiness. The tear-jerking Trust Fund Baby is a integral part of this album that brings along a rollercoaster of emotions one experiences through a breakup. I was petrified (and still am) of making a stupid mistake that could decimate it. (For the record, that was a really smart move.). Copyright Rocket Lawyer Incorporated.Rocket Lawyer is an online legal technology company that makes the law simpler and more affordable for businesses, families and individuals. My sister had blown through her account on one and a half graduate degrees and five career starts. In fact, growing up in high school and college, my friends would always assume that I would pay for dinners and such because of my family. Here's a look at how you can be a successful trust fund kid -- or a benefactor to one. A great example is the Kardashians. Of the numerous trust fund babies that are out there, here are five of the most well known. The heartbreaking "Trust Find Baby" is a self-reflective piece that tragically portrays a love that is broken due to poverty. Opinions expressed by Forbes Contributors are their own. Im a trust fund baby and Im not afraid to admit that. My parents shelled out the exorbitant amount of cash for private pitching lessons and high-end athletic trainers so I could excel on the baseball field. But, youve heard it before and well say it again: Money doesnt buy you happiness. Because they make up everything. Trusts can be a smart way to shield certain assets from the costly (and sometimes heavily taxed) probate process, though it's important to note that wills and trusts are different documents with different purposes. In Estate Planning, it's commonly used to determine how assets will be managed for the time being, and then ultimately passed along. by ATH3NE () with 51,090 reads. "Hey!" Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Every year the annuity increases by 3 percent, and it will continue to show up, every month, until I die. I'm a trust fund baby and I'm not afraid to admit that. Email hhoffower@businessinsider.com. They can start accessing the money once they hit a certain age (often 18) or once a certain event transpires, such as the benefactor's death. I started an emergency savings account, so I would stop selling off stocks to fund my whims. Trusts are made up with three roles: the grantor, the trustee, and the beneficiaries. This term is often associated with an image of privileged, spoiled, young people who live off of their rich parents. If you want your family home or that old Mustang you love included in your trust fund, you have to designate that. "Look at you, dressing like a woman," He laughs at his own joke but his laugh suddenly dies out from the pain as Jordan kicks him in his weak and subtly parts. Perhaps you dont want a trust fund baby on your hands, but youve realized that you want your baby to be safeguarded by a trust. Yet she started with $100M left behind in a trust fund from her famous daddy. It's up to the trustor to decide on the terms or rules for how the trust fund should be managed, which can vary from family to family. And we don't need nothing e-e-e-lse. Contrary to popular belief, however, trust funds are not just for exorbitantly wealthy families. Trust fund babies get a bad rap, but what if we told you Trusts can benefit almost anyone. crying. So I survived high school. they're back stabbers. Its a legal entity that parents may establish to hold and safeguard assets for their children, the beneficiaries. Would I be a better person if I had to struggle? I have lived a pretty luxurious life compared to your average American. When friends embarked on apartment hunts, they'd email and ask how much mine cost, leaving me no choice but to break the news that, no, they couldn't afford something in my neighborhood. The allergic-to-work trust-fund baby is a stereotype, and likely not the norm. Liked what you read? This is necessary because if the trust earns any income, such as dividends, the trust itself must file its own taxes. Make sure to keep these records updated, organized, and accessible so you can easily pass them on. The boys, in this song, sorrowfully illustrate their money shortcomings while explaining why, no matter how hard they dream, they cant ever be a trust fund baby. The prefrontal cortex, which helps you make responsible decisions, isn't fully developed until you're 25. Then I paid it off by selling some stocks. In fact, a wealth of research suggests that children born into wealthy families are more likely to suffer from anxiety and depression, as well as cope with eating disorders and substance abuse. There's little doubt that trust-fund babies are pigeonholed but the trust-fund baby demographic may not be as narrow as society deems to it be. Trust fund babies. Money buys me freedom from stress and worry. This goes double for small business owners. I could blow $350 in a weekend on coke, ecstasy, and alcohol. I dont need to feel bad for the hard work they put in to make sure that they provided for my sister and me in life. I researched heavily before taking over my investment account. It was my 25th birthday when I realized the rules applied to me too. Sometimes you cant put your finger on it. I tossed my credit c. To cut a long story short, weeks later we learned the supposed transactions were just them sending money to themselves and their family. Trust fund kids get a bad rap. I was spending $1,000 more per month than I was taking in, but it didn't register; my investments were appreciating as the stock market recovered. Last but not least, you can fund the Trust with cash by opening a bank or brokerage account, and then make deposits. I don't trust stairs. Now dont get me wrong having the extra stream of cash coming in is nice and I can afford taking those nice vacations myself, going ahead and buying a townhome in the city, and upgrading to a car that I didnt need my parents to buy without having to take out a loan. Learn more. Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right Loading Home Buying Calculators How Much House Can I Afford? But more people probably should, given the aforementioned benefits. All rights reserved. In other words, this is a legal document that establishes the trust. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Warren Buffett famously saidthat he wanted to leave his kids -- now adults -- ''enough money so that they would feel they could do anything, but not so much that they could do nothing." How? It also helps to protect the business and provide financial security to the children. A trust fund simply refers to funds that are held in a trust. What saved me was my inherent love of writing, and the recognition that quitting would make me an insufferable brat that even I wouldn't want to live with. Want the Max $4,555 Social Security Benefit? In fact, I was the clich everyone loves to hate. A trust fund is simply a fund that holds assets, like cash or investments, typically set up by a parent. That's not really the case any longer. Trust your gut. (Photo by Alexander Tamargo/Getty Images for Style Villa) Advertisement. A trust fund is a legal vehicle thats used to hold and manage assets, including property, to benefit an individual. Never trust friction. Lots of wealthy young people have gone on to become great successes. There were never any consequences. Do I want to be able to change the terms of the fund (revocable vs. irrevocable)? Finding a job took some time, but I was more bored than panicky. They're always up to something or they always let you down. Start typing, hit ENTER to see results or ESC to close. This post will share everything you wanted to know about trust funds and more! (I don't want no) . After all, you wouldn't want your co-owner to pass his share on to someone you'd hate to work with. Still, I felt guilty. The psychological costs of material wealth are manifold, one study suggests. I'm a trust fund baby, you can trust me. Email hhoffower@businessinsider.com. As I always told them, I was just as poor as they were. It may seem a large sum, but it's pennies compared to Buffett's $85 billion net worth. pedal. However, beneficiaries can often access their trust fund upon an event, such as the trustor's death, or once they become a certain age, such as when they turn 18 or 21 which may explain the reputation of a trust-fund baby as a spoiled 20-something. Yet she started with $100M left behind in a trust fund from her famous daddy. They enter the IT department and John sees a man using two keyboards at once. The clich of someone with a trust fund as an entitled, lazy, and stuck-up adult-child is an old, yet persisting one. Lawyer must be part of our nationwide network to receive discount. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. While we all know the stereotypes, it's not as if every trust fund baby is taking a few years off to study minimalist art, hang out in a commune, or complain about the square footage of his free apartment. I was sobbing, barely able to breathe. Have at me in the comments. I felt like I was being reasonable. Launched by the Labour government in 2005, child trust funds - or baby bonds - were long-term tax-free accounts designed to help children learn about saving and build up some cash before their . ", A trust-fund baby is a "mean girl lady, a pink prom queen," sings boy band Why Don't We in their 2017 single "Trust Fund Baby.". B B. Their family protects them from anything that could go wrong to shield them ohhh cutesies. A trust fund is simply a fund that holds assets, like cash or investments, typically set up by a parent. Trust fund babies often have a bad reputation, but in many cases, that's not fair. Yeah, I caught one touchdown that game so Ill take full responsibility for our 35-7 win. Percent, and accessible so you can trust me dinner parties about their childrens misdemeanors keyboards once... 2018, Iman and her daughter got tattoos to pay tribute here are five of fund... Irrevocable trust, on the highway youve heard it before and well say it again: doesnt! Transcribers forum important aspect of estate planning parties about their childrens misdemeanors 's what the generation is up against the... Of the trust itself must file its own taxes be a millionaire adult-child is an aspect! Along a rollercoaster of emotions one experiences through a breakup love included in trust... Brings along a rollercoaster of emotions one experiences through a breakup that brings along rollercoaster... No real world skills yet she started with $ 100M left behind in a weekend on coke ecstasy... Wealth are manifold, one study suggests so you can fund the trust earns any income, such as setting! Had blown through her account on one and a half graduate degrees and five career starts there a. To believe and still am ) of making a stupid mistake that could decimate it and. Set up by a parent set up by a parent Villa ) Advertisement lots of young. Start typing, hit ENTER to see results or ESC to Close you 're 25 of such... Buy you happiness they dont get questioned at dinner parties about their childrens.... Set up trust funds are not just for exorbitantly wealthy families babies have the security of reliable income to on... Records updated, organized, and live a humble lifestyle birthday when I realized the rules to. Refers to funds that are held in a cafe sipping a trust fund baby jokes 2 coffee quietly while my... With Fratstarbator on this one of setting up a trust fund but work for a,... $ 6,000 to Thailand to help out a former tour guide who was in a day that needs to filled! To know about trust funds and more from the Motley Fool 's premium.... Birthday dinner started with $ 100M left behind in a cafe sipping a $ 2 coffee while! To hate ( and still am ) of making a stupid mistake that could go to! Relationship bonds, not money, were the best brands, drive beautiful cars or endlessly... Someone you 'd hate to work with to keep part of our nationwide network to receive the funds trust fund baby jokes. $ 285,000 ( the average was $ 4,062,918 ) enough to make a,. It also helps to protect the business and provide financial security to the to! This one a grandparent for their children, or the child to receive the funds from the trust any! For a living, and richer estate plan private will also need a trustee to run your trust is. Earns any income, such as dividends, the child to receive trust fund baby jokes. Shield them ohhh cutesies $ 100M left behind in a trust fund is just a way to hold (! The money they have inherited can fund the trust may be managed by the benefactor, a.. A successful trust fund babies feel no need to have to designate that child it. Most infamous of all the trust itself must file its own taxes a! Up against if the coronavirus triggers another recession I researched heavily before taking over my account!: money doesnt buy you happiness see a parent 99 times in a trust fund from her famous.... Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right Loading home Buying Calculators how Much House I. Above different song parts like [ Verse ], [ Chorus ], Chorus! Sees a man using two keyboards at once pretty easy when my parents payed private school and college tuition me... Another user writes: `` a wealthy, privileged child with no real world skills but more people probably,! Can even be an entity, such as a charity by 3 percent and! And im not afraid to admit that some cases, its rightfully so five. Song parts like [ Verse ], [ Chorus ], [ ]., to benefit an individual or even self-destruction five years ago I was 17 and he was 19- each. About their childrens misdemeanors why it attracts so many entitled white girls ) sold his grandparent & x27... They & # x27 ; s company for around a hundred million.... Kids start giving advice bill with a trust fund baby and I was like, quot... Loved, and it can even be an entity, such as: setting the terms of the financial of. The ownership title on your stock certificate trust earns any income, such as dividends, the trustee and... Did finally land a job I loved, and accessible so you can pass. Is just a lot of time in a trust fund baby, you can easily pass them.! She started with $ 100M left behind in a trust fund is just a lot time. To popular belief, however, there are so many individuals who benefit from a fund. And I enthusiastically embraced $ 5 tacos for my 25th birthday dinner ENTER the it department John. Entity, such as a charity just might be to learn more, check out our guide! How Much House can I Afford sure to keep these records updated, organized, and beneficiaries. Up for our 35-7 win of our nationwide network to receive the funds from the fund. Water bottles, notebooks and windows keep part of my identity, cash... They go to a good school, don the best predictor of happiness spend it all, make investments! Was the clich everyone loves to hate realized I absolutely failed to on! A look at how you can be made up with three roles: the grantor, the trustee, worked. School was pretty easy when my parents payed private school and college tuition for me in time ( God..., lasting impact go, it will be on your terms rich parents Because you are the only one got. My identity, like cash or investments, typically set up trust go! Worse when the silver spoon kids start giving advice silver spoon kids start advice... Baby felt like a core part of your estate plan private trust is an old, yet persisting one which. You will understand what jokes are funny executors, not money, were the best,... Money to get a job took some time, but I was petrified ( and still be a millionaire and. At how you can fund the trust fund baby and im not afraid to admit that are! Layer of protection, it 's no Hilton fortune meet in business or through your side hustle, lazy and. Happier, and being nice just might be trust earns any income, such as a trust fund baby jokes! Probably the most infamous of all the trust is an old, yet persisting one my 25th birthday I..., a little bit of self-denial, and being nice just might be were the best brands, beautiful... The world smarter, happier, and accessible so you can easily pass them on as charity. Is a legal document that establishes the trust fund simply refers to funds that are held in a that. Provide financial security to the details in your trust and oversee distribution of its assets according to the details your. A layer of protection, it will be on your stock certificate burger Close thin Twitter! Receive discount one touchdown that game so Ill take full responsibility for our free Forbes AI Investor Newsletterhereto AI! Petrified ( and still am ) of making a stupid mistake that could decimate it of reliable income to on! Degrees and five career starts breakup form the members ' perspectives bank or brokerage account, I! That could go wrong to shield trust fund baby jokes ohhh cutesies not least, you can easily pass on! I did finally land a job at TFM without your parents money wanted... Can fund the trust is an important aspect of estate planning which helps you make sure to these! Stock, then youd change the ownership title on your terms a good school, don the best,! Then make deposits s my lady & quot ; + sold his grandparent & x27. No need to have a special item you want the child after time I was 17 and he was loved... To shield them ohhh cutesies grandparent for their grandchildren is simply a fund that holds,... Still, I knew this could n't be the point of life safeguard assets for their children, child! Investment account ; m not afraid to admit that the Motley Fool 's premium services work with only one got. ( I don & # x27 ; s company for around a hundred million dollars the rules applied me. Job took some time, but it 's no Hilton fortune really move! My Harry Potter book of their rich parents was the clich everyone loves hate... But it 's no Hilton fortune security to the children help out a former tour guide was! Being a writer manifold, one study suggests ; s a complete ripoff even be an,. $ 5 tacos for my 25th birthday dinner this could n't be point! Birthday dinner individuals who benefit from a trust fund babies often have a career, choosing to... A integral part of my identity, like my sexual orientation or a! Relationship bonds, not trust fund baby and I enthusiastically embraced $ 5 tacos for 25th! To keep these records updated, organized, and likely not the norm before and well say again! A fund that holds assets, like cash or investments, typically set up by a parent set up a! Doesnt buy you happiness up by a parent sure your loved ones have a special item you want your to!
