Trusts and College Financial Aid

Joe Nagy M.S., CPA 3/2015

Trusts, you receive questions about them every year. What kinds of trusts are reported? I understand that if we set up a trust for our children, it does not have to be reported, is that correct? We don’t have a trust but my child is the beneficiary of one, is that going to affect our financial aid? We don’t have access to the trust until my child reaches a certain age. Do we still have to report it? Join us as Joe answers these questions and more as he explains the impact of trusts on college financial aid.