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Reply to "Irrevocable Trusts impact on FA?"
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[quote=Anonymous][quote=Anonymous]If the assets aren't available until the age of 25, they're not considered available funds. Owning a 700K home is calculated differently than 700K in your savings. It may still reduce the amount of FA received, just like owning a high value home might.[/quote] The OP stated that the funds can be used for "medical, emotional, and well being" purposes before turning 25. And that would have to be decided by a third party as well. The OP could do their due diligence to try to use part of the trust for tuition, which would still leave them with hundreds of thousands of dollars left. [/quote]
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