Chapter 24 - The Trust Becomes Boring
At nine, Niles received his first age-appropriate trust letter.
Not balances.
A simple educational statement prepared with fiduciary counselor.
“Your grandfather created a trust that owns part of Wexler Holdings for your future. Adults called trustees manage it until you are older.”
Niles read.
“Can I sell?”
“No.”
“Can Dad?”
“No.”
“Mom?”
“No.”
“Grandma?”
“No.”
He smiled.
“So nobody.”
“Trustees.”
“Boring adults?”
“Extremely.”
Perfect.
Then he asked:
“Thirty-six?”
“Yes.”
He had heard eventually.
“Is that big?”
“Yes.”
“More than Grandma?”
“Yes.”
He thought.
“Does that mean I’m boss?”
“No.”
“Why everybody says?”
“Because adults like dramatic shortcuts.”
He nodded as if he had suspected.
Then:
“Can trust buy dinosaur museum?”
“No.”
“Worst trust ever.”
Good.
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The very thing Eugenia nearly destroyed a family over had become paperwork to a child.
As it should.
