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Strategies & Market Trends : NetCurrents NTCS
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To: booters who wrote (654)10/17/2000 11:43:27 AM
From: Patrick Slevin  Read Replies (1) of 8925
 
<can not imagine the kind of relationship with my spouse that I would not tell them I was setting up 10mil. trust funds for the kids.>

Not unusual if you think about it. It's a generational gap I would think. I still know elderly gentlemen who would never think to tell their wives about their finances, I sure you know such people as well.

On a close to home basis, my mother-in-law is a very intelligent person. After her husband's passing, she took over his slot as vice-chairman of a large hospital's board of trustees and has managed her own finances. Rather well, I might say. Yet before his death her concerns about finances did not even include knowing the hours the bank was open. In my case my mother handled everything and the old man just handed over a paycheck.

One spouse often handled the finances and the other had no interest, I think this was more common than not. To Joe Kennedy, a $10M trust may have been no more worth discussing than you or I dropping $2,000 into an IRA.
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