fbpx Ask An Expert

Want to read more? Sign Up For Our 7-Day Free Trial

Wealth Plans Checklist Series: Entrepreneurship Plan

Handsome young entrepreneur working with computer in modern startup office.

Purpose

The phrase “trust fund baby” is generally used to describe a young person who is independently wealthy and doesn’t need to work to earn a living because a trust fund with substantial assets for his or her benefit has been set up (usually by the parents or grandparents).  It’s commonly referenced in a derogatory, not complimentary, manner because the notion is if someone can live an exceedingly wealthy life by receiving income from a trust fund, the challenges experienced that motivate us to engage in productive activities are either non-existent at worst, or neutralized at best.  But not all trust beneficiaries lead an unproductive life of leisure and in many instances are well groomed to be the heir apparent for taking on the family business.  Still, many develop passions outside the family business and creating an entrepreneurship plan supports them to find purpose in life and self-identity beyond the trust fund.


Want To Read More? Sign Up For Our 7 Day Free Trial.

Please login below. If you don't have an account, feel free to sign up and get access to the entire WealthCAP HUB®.

Contact Us

None of the content or services offered on or through the Website are, nor are intended to be, legal, tax, accounting, investment or other professional advice or a substitute for advice of an attorney, tax advisor, accountant, investment advisor or any other professional. You agree and acknowledge that the content and services offered on or through the Website are intended only as general information and is not intended to be, and should not be relied upon as, professional advice. If professional advice or other expert assistance is required, you should obtain the services of a competent, professional person, and not rely on information provided in the content or services as a substitute for such advice or assistance. No attorney-client relationship exists or shall be deemed to exist between you and the Company. The Company is not in the business of rendering personalized investment advice.

suggestion

Feedback

This feature is for WealthCAP HUB® Members

If you would like to upgrade your membership or learn more, please contact us and a team member will reach out shortly.

Ask An Expert