Tilted Forum Project Discussion Community - View Single Post - a question trying to catch a freind in a lie

shakran · 06-03-2005, 04:58 AM

you're describing a trust fund. It's set up by someone else - usually a relative - to make sure there's a nest egg for the kid when he reaches a certain age. Until he reaches that age (specified in the trust) he can only get money out for things specified by the trust.

So the kid could have a trust fund that doesn't open until he's 25 and until then he can only buy a house and car.

06-03-2005, 04:58 AM	#2 (permalink)
shakran Tone.	you're describing a trust fund. It's set up by someone else - usually a relative - to make sure there's a nest egg for the kid when he reaches a certain age. Until he reaches that age (specified in the trust) he can only get money out for things specified by the trust. So the kid could have a trust fund that doesn't open until he's 25 and until then he can only buy a house and car.