dc328c1b_ership__In_Whose_Name_to_Save___Financial_Aid_Treatment
[Savings Vehicle] Other Trust Funds [Comments] Generally speaking, voluntary restrictions on uses of the trust will backfire, hurting financial aid eligibility. Only court-ordered involuntary trusts, such as those established to pay future medical expenses, are omitted from the FAFSA. All other trusts will generally count as an asset of the beneficiary. If the trust assigns ownership of the income to one party and the principal to another, you may need to do a net present value calculation to determine the value of the asset. If ownership of the trust is contested and the trust is frozen, it is not reported on the FAFSA. Please see the trust fund page for more information on the financial aid treatment of trusts. [Financial Aid Treatment] 
asset of beneficiary (high impact)
FinAid | Saving for College | Account Ownership: In Whose Name to Save?
Financial Aid Treatment