Trust Fund Babies

The Real Story Behind Trust Fund Kids from Austin Estate Planning Attorney Liz Nielsen

When we hear the phrase “trust fund kid,” words like “entitled,” “privileged,” and “financially irresponsible” might come to mind. But another word we should associate with “trust fund kid” is “protected.” Below we discuss some of the misconceptions of and benefits to being a trust fund kid. What Is a Trust Fund Kid? According to […]

Silent Trust: Could I Be the Beneficiary of a Trust and Not Know It? from Austin Estate Planning Attorney Liz Nielsen

People who have accumulated a substantial amount of wealth during their lifetime are often reluctant to disclose the full extent of their wealth to their children. Although there may be a number of good reasons for high-net-worth individuals to create a trust with their children as beneficiaries, the phrase “trust fund baby” immediately brings to […]