Re:The dangers of high status, low wage jobs
by oh_sigh on Wednesday February 09, 2022 @02:03PM
(#30276893)
Yes, absolutely, and it would be a great idea if you don't trust the financial competence of your beneficiaries, but you want them to have access to your assets. The problem is that those trusts may be viewed as overly restrictive or unnecessarily burdensome to the beneficiaries and so may not be created in the first place. IE beneficiary needs $X for a rational business investment, but can only get $X/4 out of the trust within the timeframe, even though 1000*$X in total is in the trust.
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Re:The dangers of high status, low wage jobs
by Scoundreller on Wednesday February 09, 2022 @02:46PM
(#30277452)
> IE beneficiary needs $X for a rational business investment, but can only get $X/4 out of the trust within the timeframe, even though 1000*$X in total is in the trust.
I mean, the trust can (usually) invest money without it being considered a distribution. I suspect that happens a lot based on the trustifarians I see in capital-intensive businesses and crushing it (due to below-market cost of capital).
I feel bad for their competitors having to prove themselves to a bank or other arms-length financier.