<p>I will try to make this brief. My D is part of a trust with three others. The trust reads that at age 25 each person receives 1/4 of the trust. (It is a little more detailed than that because everyone turns 25 at different times...but work with me here) Before the age of 25, each person has the option of requesting withdraws, upon trustee approval, only for the benefit of education. If said young adult dies before the age of 25 their portion is equal divided between the remaining trust holders. Would this be a student asset? We do receive an annual trust report (if that has any bearing)</p>
<p>Called FAFSA and this not considered an asset until she is 25! That is good news!</p>