Actually one thing that struck me, and correct me if I''m wrong, but he is not getting all the money in one hit, it's going to be put in a trust fund and eked out to him bit by bit.
Now i think he posted here that he was about forty yo, why can't he have all the money at once to do with what he wants?
Don't his parents trust him? Do they think he will spend it all on pot or something?
Smacks of a wish to be in control of him imo.
trust funds are set up by people for many reasons, trust fund assets (the principal anyway) are protected from a divorcing spouse, from future creditors, lawsuits etc. The governing rules of each trust differ from state to state and people often choose a state offering the greatest asset protection of the trust.
btw, I've spoken to NOKUYs mom and she's a sweet lady who definitely has no desire to control her son, I believe trusts are being set up for all the siblings, it's the right thing to do. Look @ all the lottery winners that piss their windfall away, a trust dictates moderation & discipline when wealth is suddenly in hand.
It would mean more for me to hear "We've set you up for life." than to be handed a few millions bucks with a "Here you go Dave." Nothing wrong w/a trust.
you seem overly intrigued by this whole trust thing Noggy, what's up w/that?