JohnR7
Well-Known Member
Originally posted by TheBear
Hey John, why don't you disclose your own financial situation, and how you benifit from a trust fund?
You know, that is kinda interesting. My grandmother had a great aunt that was married to a man in Chicago. He was an investor. One story I heard was he invested in a old carpet from a dentist office. Paid about $10 for it. As it turns out, they managed to extract about $1000 worth of gold and silver from it.
Anyways, this guy dies and leaves all of his money to his wife. Then three months later she dies and she has no close living relatives, only a few distant ones. As it turns out, my grandmother ended up getting a good sized chunk of change from a distant relative that she really did not even know.
Over the years, my grandmother lived on SOME of the interest from the investment. She really did not spend that much money. So the investment kept growing. Then it went to my mom. Then, well, I don't want to give away the whole story. But I think you can see, that money is sort of a fluke. Or it is God's provision?
Eccles. 2:26b to the sinner He gives the work of gathering and collecting, that he may give to him who is good before God.
The way it works out is the trust department at the bank will review the trust and then they send out a letter to the executer and say you need to distribute XXX number of dollars from this trust, or the government will take it in taxes.
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