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Reply to "Irrevocable Trusts impact on FA?"
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[quote=Anonymous]Doesn’t the FAFSA or school financial aid form ask about an educational trust or assets like this? Of course the OP can omit this information if asked directly about it and continue to draw FA in lieu of drawing it from the trust but what I would say on the matter is that outside of it being ethically and morally wrong, I think of it as karmically burdensome. I’ve often wondered when not so great things have happened to me if I am meeting my karma. Everyone does things that are morally in a gray zone but this isn’t really gray as you make it out to be - it’s black and white. You may not be convinced of that but I wouldn’t be surprised if you do what you’re trying to do that you will quite literally pay for it somehow. [/quote]
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