Should I set up a trust fund for my kid?

[Testosterone boy]

If I had the means I would have the fund for the child but not tell them about it. And only give it to them if they were the kind of kid who worked hard in school and wasn't selfish, spoiled and egocentric.



Just my .02 [/B]

Due to the influence of genetics, there is no chance that your offspring would meet your criteria for deserving a fund.

 

[Testosterone boy]

People of all ages blow through lump sums quite quickly whether they are mature or not. Knowing that one will recieve a $250,000 at age 21 would backfire for a large percentage of people.


I would recommend buying him/her a good house instead. QOL is pretty good without a mortgage constantly hanging over the head.

 

[Fonz]

People of all ages blow through lump sums quite quickly whether they are mature or not. Knowing that one will recieve a $250,000 at age 21 would backfire for a large percentage of people.


I would recommend buying him/her a good house instead. QOL is pretty good without a mortgage constantly hanging over the head.

LOL......you have the same line of reasoning as my mother....

Fonz

 

[Bikini Mod]

Due to the influence of genetics, there is no chance that your offspring would meet your criteria for deserving a fund.

That really hurt. LOL

 

[Lao Tzu]

Its hard to say. I would do it just because its free money for someone i like. But like other people here have said, the idea of a 21 year old having $250k free of charge might screw with their sense of fiscal responsibility.

I would set it up so she gets monthly stipends instead of a lump sum. You could give monthly stipends starting at age 18 (maybe $1-2k a month), until she is around 25 or can prove her responsibility.

 

[The Almighty]

Seriously, I think you should set one up but dont let him know about it.

Once he graduates from college inform him of it and give it to him as sort of a reward.

 

[HansNZ]

Seriously, I think you should set one up but dont let him know about it.

Once he graduates from college inform him of it and give it to him as sort of a reward.

I think the kid not knowing about it is a good idea. Revelation of the existence of this fund can be a 21st present. I figure both myself and the mother would have instilled a sense of fiscal responsibility in the kid. Our parents did it with us. The basic idea would be that the money would be used to buy a house or invested - not spent.

 

[JohnyJuice]

Both my husband and I have substantial life insurance policies. I agree that it is awful to have anything less while the children are very young.

I don't care about money anymore, Biteme.

I have come to realize that as long as the energy that you send out is positive and your choices are not designed to hurt anyone (including yourself) you will do ok.

I know it is easy for me to say, but just let it go. The beauty of letting go? YOUR EX WILL STILL BE TRAPPED IN HELL! Trust me on this one.

I actually have come to feel sorry for my husband. He finally has a girlfriend yet he still knows when my car is in my driveway. Once I am gone, he will be forced to turn the finger on himself. I hope that he will be able to do this and become a better person. Despite everything, I don't wish him ill. On the contrary I hope the best for him. If he can achieve some inner peace, the world will be at his feet. If he fails - HE WILL LOSE EVERYTHING AND DIE A MISERABLE, LONELY FUCK.

Either way, none of this is "on me" so that is why I no longer stress. He will do whatever he likes. His relationship with our children is ON HIM just as my relationship with my girls is ON ME.

No one can ever undo the good that you have done in your daugther Biteme... REMEMBER THAT.

Slowly but surely, this thread becomes about you. What a surprise. "My children, my ex, blah blah blah".

 

[HansNZ]

Thank you Hans - This is DEFINITELY one of the first things that I will look into once I get a cell phone so my girls can get a hold of me anytime they want.

Seems to be a better idea than just sending money to their dad. Which I still will regardless of whether he spends the money on utilities, clothes and/food for the girls or his cunt attorney.

There is a possibility for a win/win situation here. If you are having to put aside money to send to the father anyway, why don't you instead put into a trust fund/college fund for them. This way you are still contributing to them (so he can't complain), while not subsidising him. This way you can give them a trust fund out of what you're already spending now. There is no way the father could think this is a bad idea if he cares for their future.

But make sure you make buying your own home your first priority and then focus on other things after that.

 

[The Almighty]

Slowly but surely, this thread becomes about you. What a surprise. "My children, my ex, blah blah blah".