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Reply to "Irrevocable Trusts impact on FA?"
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[quote=Anonymous][quote=Anonymous]It's not OP's money. It belongs to her children. I don't understand all the pearl clutching. [/quote] There are questions about assets including trusts where the children are beneficiaries. From TADS: "All corporate, partnership, and trust tax forms if a Parent/Guardian owns 20% or more interest in a corporation or partnership[b], or if any member of the household owns 20% or more interest in a trust[/b]" "Contributions to Education (2024–2025) Enter the amount you can realistically contribute from the following sources torwards the education ofthe children on this application ... Other Sources" [/quote]
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