And these family trusts tend to become a source of lifetime income for their descendants as “managers”, “fund raisers” and “trustees”. Attend some meetings, send out some mailings, maintain a Facebook page, through parties in the name of fundraising. Give away a portion of the trust fund’s growth and let it grow another year to fund another year’s salary for the brood.
Trust Fund Babies. Can spot them a mile away. Live like they have means, but don’t.