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Reply to "Irrevocable Trusts impact on FA?"
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[quote=Anonymous]My kids grandparents are paying private school tuition. They could put all the money in an irrevocable trust and have us apply for financial aid so they can give them the money later but that feels like making other people pay when you could do it. We donate to the school to help those who need aid go to the school. If I thought all those financial aid kids were sitting on a million with compounding interest while our extended family was paying our way and for them, I don’t think I’d be donating to financial aid. And I say that as someone who needed and received financial aid in college. [/quote]
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