By Meredith Gard
Reality TV stars aren't known for their scrupulous money management. But Mama June, matriarch of the clan starring in TLC's Here Comes Honey Boo Boo, is out to change that. According to People Magazine, the famous family is making approximately $20,000 an episode for the spinoff from the Toddlers and Tiaras franchise, and no one is going to to be able to accuse her of squandering it. They are still living on the income from from her husband's job as a contractor.
So where has the TLC money gone? Straight into trusts that Mama June set up for her four girls. That's right, the show isn't changing how the family lives, but changing the future for Honey Boo Boo, Pumpkin, Chubbs and Chickadee by creating trusts to hold the earnings until the girls are 21 or need the funds for their education.
The Honey Boo Boo family is just one example of how trusts can be a part of a sound money management plan that will help you prepare for, and safeguard against, the future. The experienced attorneys at Cooper, Adel & Associates can help put together a plan that protects you and your family. After all, as Mama June says, “I want my kids to look back and say, 'Mama played it smart.'”
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