- Centurion Member
- Posts: 3620
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
If you don't control when and how you spend the money, then it might not be yours to rely on as far as Amex is concerned. A trustee might approve a $45k distribution for tuition and basic expenses, but not that same $45k for a nice vehicle. If you bought a $45k car on a PRG and the trustee refused to give you the money when you needed to pay Amex, then Amex would have a problem.
For whatever value it has, my online Amex profile reflects my stated income, but not my stated assets. Amex has never verified either, and I have complete control over my assets.
As to whether/when/where the trust income should appear on your personal tax return, I am not going to get into that. Trusts can be really complicated, and you should speak to the trust attorney or someone else who has read and understands the trust documents.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when