Don’t Silent Trust Funds Constitute a Massive Loophole in Financial Aid Calculations?
My morning was spent reading the New Hampshire Bar Journal, Winter 2010 edition because I was interested in a piece by Joseph F. McDonald, III called Migrating Trusts to New Hampshire: The “Why” and the “How”. New Hampshire, along with a very few other states, allows the existence of something known as a “silent trust” or “quiet trust”. It made me realize: I think a person could use these to drive a truck through the college financial aid process.