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- DictionaryTrust fund ba·by
noun
- 1. a person, typically a young adult, who is independently wealthy and does not need to work to earn a living: informal, derogatory US "she'll probably end up like most trust fund babies and just waste pointless hours in nightclubs all over the world"
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Dec 30, 2018 · A trust fund is simply a fund that holds assets, like cash or investments, typically set up by a parent. Trust-fund babies, the recipients of that windfall, are often stereotyped as...
Oct 27, 2021 · Trust fund babies may seldom worry about crippling student loan debt, affording down payments on homes, funding their passion projects, etc. But, you’ve heard it before and we’ll say it again:...
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Jun 17, 2023 · What is a trust fund baby? A trust fund baby is someone whose parents or grandparents have placed assets in a trust fund for them. They can start accessing the money once they hit a certain age, typically at age 18, or once a certain event occurs, such as the death of the individual who set it up.
Jun 29, 2021 · The term “trust fund baby” is associated with a negative stigma. It brings up images of privileged children who grew up having every material possession that money could buy.
What Is A Trust Fund Baby? A trust fund baby refers to someone whose parents created a trust account, which they benefit from. The term “trust fund baby” has a negative connotation, as it’s associated with the stereotype of a spoiled individual who doesn’t have to work.
Aug 5, 2016 · A trust fund baby is someone whose parents have placed substantial assets in a trust fund for him or her. While most of us have to support ourselves once we reach...
A Trust Fund Baby is someone who will receive money or assets from a Trust when they reach a certain age. The legal term for this person is a beneficiary, though “Trust Fund Baby” Is commonly used in popular culture.
Apr 20, 2014 · For wealthier, more financially savvy families, however, the ultimate new baby gift is financial security – a trust that will cover college costs, unexpected medical expenses or down payment on a first house.
Feb 29, 2024 · A trust fund baby is someone who is born into a family that has set up a trust fund specifically to provide for their needs. This can be a very advantageous way to provide for a child's future, as it ensures that they will have a cushion of money to fall back on throughout their life.
A trust fund baby is a term used to describe an individual who receives financial support or inheritance through a trust fund. But what exactly is a trust fund, and how does it create trust fund babies?
