No One Can Talk About Money

The New York Times explores how to tell young people with trust funds that they have trust funds — and how young people with trust funds react to being told they have trust funds. They mostly rely on anecdotes from wealth managers.

One wealth manager recalls one young person with a trust fund taking it not well: “Ms. Allred [a director at Merrill Lynch’s wealth structuring group] recalled a young inheritor who had finished graduate school and was sitting down with his family’s accountant and lawyer. When they told him how much he was going to inherit — the first time he heard the full dollar amount — he excused himself to go to the bathroom and never returned to the meeting.”

I’d like to talk to that young inheritor. Or any young inheritor. This a genuine actual real request. Like, actually. Are you a young person with a trust fund who would like to tell me about finding out about your trust fund? (Are you a young person without a trust fund who would like to tell me about finding out you don’t have a trust fund?) Get at me: logan@thebillfold.com

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