Trust fund and FA

scottaa
Wed, 22 Jul 2009 00:55:46 +0000

Calmom-

What’s your point about the non-custodial parent? Yes, if the student applies to one of the few schools that require non-custodial information (about 10%), he could have a problem. All the more reason to have other options.

But spending down custodial assets is hardly idiotic. How in the world can you call it idiotic to spend down assets that are being penalized at a rate of 20% as opposed to the alternative of using parental assets (which in this case appear to be non-existent) being assessed at 5.6%. I don’t know about you, but simple math tells me one course of action is better than the other.

And don’t get petty about experience.