Trusts & Estates Supplemental Data Form

Student

Although generally not automatically required, should a student be selected to participate in either the Federal Verification process or our internal Institutional Verification process, we may require the STUDENT, themselves, to submit this form for any trusts/estates in you might have an interest in. Should this situation arise, we will notify you via email of this requirement.

Parent/Mother/Father

This document is listed as required because you indicated on your HLS Main Online Institutional Application that your parent/mother/father household had a percentage of ownership in a trust and/or estate. If you feel this document is listed in error, please contact our office.  

If you are applying for HLS need-based grant assistance and your parents either currently receive income from a trust/estate OR they are the future beneficiary of income/assets held within an IRREVOCABLE trust/estate, then you are required to submit appropriate documentation to HLS Student Financial Services. 

Complete documentation entails (for EACH trust/estate):

• Trusts & Estates Supplemental Data Form (PDF)
• In most cases, submission of this form is enough for us to adequately assess your eligibility for need-based aid; however, occasionally, upon reviewing your file, we may request more detailed information from you which may include things like Federal trust tax documents, a copy of the actual trust agreement, or verification of the actual value of the trust corpus. If anything more than this form is needed from you, you will be contacted after your file has gone to review to obtain these documents.

Note for students whose parents are divorced/separated and remarried:

HLS requires data from both biological parents and from step-parents if a biological parent has remarried. If the trust/estate in question is the primary activity of the step-parent, we will not use the income generated from this trust/estate in the determination of your eligibility for need based aid since we do not include step-parents' income in our analysis of need.. However we still need to collect  data on trusts/estates because we do factor the net worth of all parental assets into our determination of your eligibility for aid. For biological parents that have remarried we compile total net worth and then divide it in half to remove the 50% that belongs to the step-parent from our eligibility calculation.