trust funds
Rich kids' accounts
Trust funds are financial arrangements where assets are held by one party for the benefit of another.
A trustee manages the money or property according to terms set by whoever established the fund.
The phrase often connotes inherited wealth and privilege: trust fund baby, trust fund kid.
Parents and grandparents create trust funds to transfer wealth to heirs, sometimes with conditions like reaching a certain age.
She lives off her trust fund.
- beneficiariesThose who receive advantages
- silver spoonSymbol of inherited wealth
- charitable trustsFunds for public benefit
- grantorOne who transfers rights
- blue bloodAristocratic descent
family wealth · investment · assets · endowment · boarding school · private school · country club · coming of age · estate · fiduciary · inheritance · Ivy League · settlor · wills · heir · disbursement · stipend · allowance
- fundingfunding, grant, loan, grants, venture capital
- fiduciarycustodian, custodial services, living trusts, family trusts, charitable trusts
- fiduciary managementfiduciary duties, financial oversight
- assetsproperty, cash, money, investments, bank accounts
- financebank, CFO, banks, controller, finance
- Affluencewealth, wealthy, affluence, prestige, elite
trust fundsearned income
Pay from work
wages · salary · sweat equity · self-made wealth · paycheck
trust fundspoverty
Severe lack of resources
debt · financial hardship · living paycheck to paycheck · paycheck to paycheck · destitution
trust fundsself-made
Successful through own efforts
hustle · self-sufficiency · starting from nothing · rags-to-riches
trust, fund, trusting, trusted, mistrust, distrust, entrust, distrustful, trustee