What exactly is a trust-fund baby?
the fool on the hill asked: I know it means the parents set up some kind of financial aid for the child, but what does it entail?
Is it legal to drain your child’s trust fund?
Catherine asked: Lets say there was a $20 million trust fund set up for a child, so when she turned 25 years old, she would obtain the money.
If the child’s parents went into bankruptcy, could they drain their child’s trust fund?