#90: Trust Funds: Playground for the Privileged or a Smart Wealth Strategy?

Are trust fund babies REALLY spoilt rich kids - or did they simply have smart parents? I used to laugh at the stereotypical jokes about rich brats that have everything handed to them on a silver platter. UNTIL I asked this simple question: "What don't I know?" Truth is, it's just a tool that anyone can use to protect assets and use as a tax minimisation strategy. And once I learned that, I went from "it's just for the rich" to "OMG my baby girl is a trust fund baby!"

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