Reply to Where do the people in the $6/7/8m+ mansions in send their kids?

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Reply to "Where do the people in the $6/7/8m+ mansions in send their kids?"

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[quote=Anonymous][quote=Anonymous]Who is living in a $6 million home getting FA?!

[quote=Anonymous]Boarding school with a capital B, either Swiss if they live in a $20m compound or East Coast schools like Deerfield, Choate, Exeter and Andover. There is a negative perception about parents not loving or not wanting to spend time with their kids if they send their children to boarding school, which is[b] not[/b] the case for everyone. Boarding school also offers a way for students to connect with others they would have never met if they stayed local. A lot of students in 8th grade decide they want a different environment in HS. 
If it's local, Sidwell, Potomac, Bullis, Landon STA/NCS/LAN/HAS...most of the time non-Catholic schools unless the family is a religious local old generational family $$$, if the student has learning accommodations or wants a more relaxed environment, Field.

There are plenty of families who live in $6m+ homes and have FA  :shock: . [/quote][/quote]

Yes, I don’t think this is true.  A statement of assets must be turned in.  Even if the house is in a trust, if they are the beneficiary (living in it), they must declare this.  If they falsify this report it is fraud.  Sure there are the Trumps of the world who might do this, but most people probably wouldn’t.[/quote]

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