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4/27/2014 4:27:21 AM
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Today, I learned I have a trust fund.

This post is a bit bloggy, and may be long, so I'll put a tl;dr and spoiler for the average reader. tl;dr: My father informed me that my grandmother set up a trust fund for me several years ago, and it has accumulated "a substantial amount of money." The terms for collection are still unknown, however. [spoiler]I've live in relative wealth my whole life. My grandfather started a company some 40 years or so ago, and it has done fairly successful. He passed away a few years before I was born, so my grandmother is now the sole owner, with my father acting as CEO and president. My dad has 2 siblings, with one nephew (one cousin of mine), and I have 2 siblings. The way the company would split would be 33% to each my father and his siblings, then, due to direct decendency, 18.3% for me and my siblings, and around 45% for my cousin, despite my father's wishes. While it's slightly unrelated, my grandmother decided to balance this out with a trust fund many years ago, without telling anyone but one of my father's siblings. My father then found out a year ago. With my siblings living around thr country, he has finally gotten us together on vacation and told us, but has sworn us to secrecy with my grandmother so she can "break" the news. While he only has second-hand information about this, he stated it is for getting off on the right foot after getting married or graduating from college. He also claims that, while not knowing what it is worth exactly, it could cover "a substantial house payment of a lucradive variety." So far, no one has any idea how to access these funds, but it's definitely been food for thought, especially with me being engaged currently. It may potentially be life-changing.[/spoiler] I guess you could call today a good day.

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