The Man in Power After Being Married into Her Family novel Chapter 4911

All of them would have to wait eighteen years, whether it was for a luxury mansion, a luxury car, or to live a luxurious high society life.

If they took into account that there was still eight months to the baby’s expected due date, that would be equivalent to waiting for nineteen years.

However, the ten million US dollars cheque that Kathleen had given to Merlin was different. This was not a conditional family trust, but it was a real cash cheque.

As long as Merlin took this cheque to any bank in the United States, the cheque could be exchanged for ten million US dollars in cash directly.

When Merlin heard them asking about the ten million US dollars, he could not help but say, “My original idea was to put the money into a trust, but the trust that I checked did not have an annualized return as high as eight percent. I calculated it at an annualized interest rate of 3.8%, and there would be almost twenty million US dollars in the trust after eighteen years. The interest can then be taken out every year from the nineteenth year onward, and part of it will be used as the child’s education fund, part of it could be used for the child’s living allowance, and after the child gets married, you can withdraw one million US dollars directly. If you have two children, you can divide the two million US dollars equally, and the rest of the money will continue to be placed in this trust…”

When Merlin said this, his daughter, Joy, hurriedly said, “Dad, you shouldn’t place this money in the trust anymore... If that happens, we will only be able to withdraw the money after eighteen years. There are still a lot of uncertainties that we will face from now on for the next eighteen years. For example, if you move to Houston to live with us in the future, coupled with the birth of our child, we will definitely need to move into a bigger house. Shane and I will not have to continue living in the apartment downtown, and we can come and live with you and Mom. That way, you can also help us take care of our child. If we have more children, we might have to hire a nanny and buy various hardware. We will definitely need to use a lot of money in many different aspects...”

Merlin looked at Joy and asked her, “Joy, what do you suggest we do with the ten million US dollars, then?”

Joy thought about it and said, “Dad, this is the idea that I have in mind. We should take out a million US dollars and buy a house first. We can buy a villa that is bigger, newer, and closer to the city. After that, we can upgrade the other things in our house such as food, clothing, cars, home appliances, and so forth. The rest of the money should be placed in a flexible financial management so that the money can be withdrawn at any time if necessary.”

Shane could not help but chime in, “That’s right, Dad. I think this is more flexible. With this money as support, we can also choose a better private hospital for Joy to give birth. Her prenatal checkups can also be more comfortable and convenient, then.”

Merlin hesitated for a moment, sighed, and said, “Okay, we will do as you’ve suggested, then. We will use one million US dollars to upgrade and buy a new house, five hundred thousand US dollars will be used to upgrade the family’s various needs, and we will put another five hundred thousand US dollars into a reserve fund for flexible withdrawal. As for the remaining eight million US dollars, I will hand all of the money over to your mother, and it will not be the three of us, but it will be your mother who has the final say on how this money should be used.”

Joy could not help but ask, “Dad, isn’t it a bit too little if you’re only going to take out two million US dollars in total? What if we took out three million US dollars first?”

Merlin waved his hand and said, “I’ve already made up my mind on how we should spend the money first. You should go and ask for the money from your mother if you have any subsequent needs for money.”