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i think they're cool
the guy that i'm seeing. ..even though we've only been talking a couple of months. . .i asked about where his parent's money came from. . .
a long time ago, someone in their family invested in an airplane insurance company with some friends. along the way, he also bought commodities and eventually starting buying real estate. anyway, the guy set up trusts and stocks for every child in the immediate family. no one could touch their money until they were out of college or 25 yrs old. the money would not be allotted all at once but once a year. and there had to be a stable job history dating back to 5 years or proof of college residency. only then, someone would get a certain percentage to live off of or invest.
if someone were to get married, they had to sign a pre-nupt. their percentage would be cut so that they could live only off the money they make plus a small recreational allowance(small being $100K). if the marriage was dissolved in less than 10 years due to infidelity, impotence, or inability to have children, the person could walk away with only the amount that they invested in the marriage(don't ask because i have no clue how they figure that one). if the marriage dissolved in less than 10 and there were kids born, the kids receive the parents amount invested into the marriage in the form of trusts, stock, etc. their schooling is paid for and they get a recreational allowance once they enter high school(that pays for a car, gas, sports, clothes, etc).
or that's the way i understood it. i didn't realize that even though you have a trust. . .you can't just go and get money like it's an ATM. you have to have a good reason plus documented receipts.
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