Clifford Trust

It’s just a trust...a special repository of money that exists as a kind of distinct legal entity…until something happens.

So what’s special about a Clifford Trust? Keyword: Minors. With an 'o,' not an 'e.'

Kids.

Example: Your kid was one of those TV sitcom child stars. You, unlike most of their peers parents, were actually a good parent and you didn't, in fact, steal and/or drink and/or snort their earnings in their heyday. You know...between the ages of 8 and 11.

So you set up a special Clifford Trust for your kid, putting a million bucks a year for three years in there…fully invested in an S&P 500 index fund, which grows and compounds away, such that it’s worth 6 million bucks by the time your kid turns 18.

At that point, junior is fully out of rehab (for the final time) and is ready to go to school.

Er, um...no, not UCLA here. Bartending school. But at least they’re starting with 6 million bucks to do so, courtesy of the Clifford Trust you set up.