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And $14.5 Million of the Astor Family Fortune Goes to...
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Trust funds may sound like the ultimate safety net, but for many old money families they’re more complicated than they seem. A trust fund can protect wealth, preserve tradition, and provide financial security across generations, yet it can also create limits, obligations, and unexpected tension. Behind the polished gates of old money estates, trust funds are less about endless freedom and more about rules, restrictions, and the quiet pressure of living up to family expectations. | Kiki Astor
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In his latest book, "Astor," Anderson Cooper traces the fortunes of one of the most prominent New York City families in the 19th and 20th centuries, whose wealth was built on slums and beaver pelts. https://cbsn.ws/3EFg7gn | CBS Sunday Morning
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