Hi Dancer. My close friend has a similar trust fund. When her wealthy dad passed on, he made the bank trustees to all his money so even his wife (a working scientist) had to ask permission from the trustees for certain major purchases.

Then when my friend's mother died, the trust passed to my friend and her two siblings with the same restrictions. The principal is never to be touched, and they each get a monthly set amount to live on. (My friend also works full time and lives modestly)

I forget what type of fund it is called, but the bank to this day controls the money. I guess back in the 40s and 50s, men with assets felt that women could not control their finances well.

I told my friend to get a lawyer and break this deal up, but I think she thinks it would be too much of a hassle.