Reply to Irrevocable Trusts impact on FA?

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[quote=Anonymous][quote=Anonymous]The private schools are 100k+ for a year of tuition for both.  The Fund totals about $1M currently for each kid.  [b]Obviously want to grow and keep for for them till they reach age 25 to take. [/b] At $100k a year for 6 more years and 4 more years each not incl college, that just seems a ton of spend!  Our FA provides for 40% right now of the tuition total.

The Trust fund people seem to feel that we can keep FA and supplement a bit more via fund if we wanted to help our finances.

I wasn't sure if FA negates our opportunity to do that in total?[/quote]

Of course you do.  But . . . should you be able to?  Your kids each have $1m that can be used for education, and you want to conceal that fact so that they can continue to receive financial aid (which is designed for people who can't afford tuition - which you can).

I have no idea whether you will be able to do this or not - don't know anything about the FA process at private schools.  But it is a bit of a character test for you, OP.  Unfortunately, it looks like you're not scoring well on it.  [/quote]

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