Monday, August 25, 2014
For those curious about how many trust funds kids are really out there, the Survey of Consumer Finances gives an overview of trust statistics. The survey is conducted every three years, and while the 2013 results have not been published yet, the 2010 results can give an idea of how many families in the United States are transferring their wealth to the next generation through trusts.
According to the survey the percentage of those who reported inheriting a trust fund was only 1.3%. However, for some of those who did inherit through a trust, their inheritance was not minimal. The average trust fund amount was $4,062,918, with the median trust fund coming in at $69,000.
See Mona Chalabi, Dear Mona, How Many Kids Have Trust Funds?, Five Thirty Eight, Aug. 21, 2014.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.