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Does anyone know any families where both parents manage/d to stay home and not work but still provide/d their children with at least a middle/upper middle class lifestyle because of a trust fund or large inheritance?
I know of one such couple. Husband has the trust fund and tried to work but it did not work out with his personality. He is perhaps too introverted but brilliant. His wife got her Phd but decided to home school their one child.
So they are both at home. Both either have big trust funds or will inherit big properties due to being one child.
I know a couple, they don't have trust funds but one of them inherited some property in NYC and they live off of that. Come to think of it there maybe a trust fund involved as well?? Who knows? The property requires the occasional work day here and there but nothing full time and most is done from home.
Anyway they both stay home with thier child and seem pretty happy with life.
What exactly are you trying to figure out here?
Last edited by icibiu; 04-30-2012 at 07:41 AM..
Reason: Hit submit too soon
I have friends who have a substantial trust fund. They certainly do not need to work, but the man chooses to work doing something he enjoys for menial pay giving him plenty of time to spend with his kids and both parents volunteer a lot for their children's activities. Their children also have substantial trust funds.
I do. The husband calls himself a day trader but its my understanding that they live off of an inheritance. All seems well, they are really involved in their kids' schools and go on lots of trips
I know a few. One family in particular their job is to manage their family funds, donations, investments, etc. They have required all of their children to get college degrees in marketable fields and hold down jobs. They don't get any money from the "family funds" until they are 55 I think. They want their children to be responsible members of society. Now, they do get pretty extravagant vacations paid for out of those funds, etc. Most people would never guess that they are as wealthy as they are. They are pretty down to earth people.
I know one family like this. I've wondered if the trust fund is biggest enough to sustain their teenagers when they become adults because the kids have never seen either parent get up and go to work and I'm not sure they'll know how.
Does anyone know any families where both parents manage/d to stay home and not work but still provide/d their children with at least a middle/upper middle class lifestyle because of a trust fund or large inheritance?
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Uhm....My mom had lived off various inheritances through out my life. When I was 13 or so she got about 100,000. My grandmother is paying my mom's way and my grandmother lives off SSI and money she's inherited Both my brother and I have trusts and a lot of money stored away in stocks and bonds that we're not allowed to use yet.
My dad got enough from a trust fund to support us. He still worked, but he would walk away from a job for the slightest thing he didn't like. I guess because he could.
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Who knows? The property requires the occasional work day here and there but nothing full time and most is done from home. 
