'Honey Boo Boo's' mother plans financially with money from show

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'Honey Boo Boo's' mother plans financially with money from show

It's not only actors and actresses in the Los Angeles are who are becoming famous after starring on shows on television. Over the course of the past decade or so, people from all walks of life, from areas throughout the nation, have become household staples after starring on reality programs. One of the families to recently make a splash is that of 7-year-old Alana "Honey Boo Boo" Thompson and her self-proclaimed redneck family.

The young girl and her family were offered a show of their own on cable network TLC after first appearing on a different reality program that focuses on pageants for children, "Toddlers and Tiaras." Now each week viewers tune in to see the family's antics in "Here Comes Honey Boo Boo." In addition to Alana and her two parents, four other children are also feature on the program. According to reports, each episode brings in between $15,000 and $20,000 to the family. Despite the newfound fame, the family patriarch often referred to as "Sugarbear," continues to work as a contractor.

Despite their humble background, Alana's mother June recently made news when it was revealed that she has created trust funds for the five girls. According to the family matriarch, most of the money made each episode is divided between the five funds. She indicated that they money will not be made available to them until they turn 21. There are exceptions in place should a medical emergency arise or the money be needed to pay for education.

It is of course wonderful that "Mama June" has taken the time to do some financial planning for those who depend on her. One would hope that in the process of setting up the trust funds she and her husband also took the time to get proper estate planning in place. Because there are five individuals currently relying on them, even the simplest form of estate planning is a good idea. An attorney who handles these matters can be of assistance to anyone who is considering their options.

Source: Access Hollywood, "Mama June Sets Up Trust Fund For Honey Boo Boo & Daughters," Erin O'Sullivan, Jan. 6, 2012

Categories: Estate Planning
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