<p>I’d prefer to NEVER take sides against Thumper … but in this one case I have to make an exception. How the Trust is structured makes all the difference. You really want to do this one “by the book” due to the negative consequences of an incorrect interpretation. Ignore the Trust and you may be committing fraud … declare the trust but incorrectly designate the Trust as belonging to the student (when someone else is the true owner) and the EFC contribution of the asset will be 20% instead of 6%. My advice is to consult a lawyer. Cheap insurance.</p>
<p>(sorry Thumper.)</p>