Does anyone know what effect a trust fund has on a child's eligibility for college financial aid? My mom died 2 1/2 years ago at the way-too-young age of 62. She left a trust fund for her grandkids for college. Her house just sold, and the profits are to be divided 6 ways for the 6 kids. My brother, the Trustee, is setting up 6 separate sub-accounts of the Trust. I know Mom would be upset if this hurt their eligibility for financial aid, because it is not a huge amount per child. The total amount per kid right now might cover only about 1 1/2 years of college. TIA!