Trust fund and FA

drb
Wed, 22 Jul 2009 04:16:49 +0000

OK, go a little easy on my sister - it was my idea to use the trust for present expenses (I was unaware that this is an improper use of the funds). So the 529 account sounds like the correct approach, especially since you are right that she might have a good year of income (although should that happen I would watch out for flying pigs).

Related to the latter point, if she does get a lump-sum payment for her work (could be as much as $12K), and she has flexibility with respect to when she can take it (i.e., she is not starving), is there a optimum time, with respect to FA planning?