Surprise, the “Here Comes Honey Boo Boo” star, Alana Thompson, aka Honey Boo Boo is a trust fund baby. In a move to insure her children’s financial futures, June Shannon, Honey Boo Boo’s mom, set up trust funds for her children.
The family receives between $15,000 and $20,000 an episode from TLC. June Shannon made an arrangement with TLC where the network would automatically deposit the majority of their earnings as payments into the her kids trust funds.
The money deposited into the trust funds is divided equally between all five of her daughters. The girls, Anna, 18, Jessica, 15, Lauryn, 12, Alana, 7, and baby Kaitlyn will not be able to touch their trust funds until they turn 21.
June Shannon then receives an email when those deposits are made into the accounts. The only way the girls would be able to access the money in their accounts before the age of 21 in the event of a medical emergency or to use it for school.
When asked about why she set up their earnings that way, June Shannon replied that she wanted to be smart with the money.
“I want my kids to look back and say, ‘Mama played it smart.’ Not like those other reality TV people.” In addition to ensuring their futures, Shannon says that by doing this she maintains the integrity of the show and the family’s redneck, “not-so-ritzy lifestyle.”
June Shannon stated that “Sugarbear” still makes money from his contractor job which pays their bills. Shannon went on to say that, “You’re never gonna see me drive a Range Rover or a Mercedes. I’ll drive one if someone else pays for it. Never gonna live above my means.”
Be sure to check out Kelly’s other columns:
National Family and Parenting Examiner
National Sports Celebrity Examiner
Sex and Relationships Examiner
If you liked this article, click the Subscribe button to receive email updates when a new article is published. Follow Kelly on Facebook and Twitter or connect on Pinterest. Find more by Kelly on her website.
©Kelly Cozzone, All Rights Reserved. No part of this article may be reproduced without prior permissions from the author. Partial reposting is permitted with a link back to the original article.
Comments