Sting Is Against Leaving His Kids Trust Funds, Calls Them 'Albatrosses'
Sting might be worth hundreds of millions of dollars, but the musician says that he won’t be putting a part of his fortunes into trust funds for his children.
Sting Says No Trust Funds For Kids
Sting, 62, who is married to his wife of 21 years, Trudie Styler, supports a number of charitable organizations, which is one reason his kids won’t be getting massive trust funds or inheritance. Furthermore, Sting sees trusts funds as “albatrosses round their necks” that would impede their potential for personal success.
"I told them there won't be much money left because we are spending it! We have a lot of commitments. What comes in we spend, and there isn't much left," Sting told The Daily Mail. "I certainly don't want to leave them trust funds that are albatrosses round their necks. They have to work. All my kids know that and they rarely ask me for anything, which I really respect and appreciate."
As a parent, Sting is proud of how he and Styler have raised their children, setting them up to be hard-working and independent individuals.
"They have this work ethic that makes them want to succeed on their own merit," said the "Every Breath You Take" singer. “People make assumptions, that they were born with a silver spoon in their mouth, but they have not been given a lot."
Sting added, "With my children there is great wealth, success–a great shadow over them–so it's no picnic at all being my child.”
Sting On Facing Getting Older
Speaking of Sting’s successful music career, the rocker is planning his next project – potentially an album that will feature songs dealing with his own inevitable mortality.
"I have a story still to tell and part of that is I am facing the end of my life," the singer-songwriter said. "I have lived more of my life than is to come: that is an interesting place for an artist—more interesting than writing about your first girlfriend. It is kind of serious. In our 60s, how do we face this imponderable idea that we are not going to exist any more? We make art. We tell stories. We have to face it, to tell it."