At what age can a minor receive an inheritance?
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At what age can a minor receive an inheritance?
In TX.
Asked on November 5, 2010 under Estate Planning, Tennessee
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
A child can receive an inheritance when they reach the age of majority; in TX that is 18. However, a person may specify an age or ages when their child is to receive their inheritance. Although children are legal adults at age 18, very few 18 year olds can properly manage a sizeable inheritance. Accordingly parents frequently make provisions in their Wills so that their children do not actually receive control of an inheritance until they are 25 or older. In such cases, an executor or trustee can be authorized to pay for the expenses of a child’s health, education and maintenance until the child is old enough to properly manage these responsibilities on their own.
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
A child can receive an inheritance when they reach the age of majority; in TX that is 18. However, a person may specify an age or ages when their child is to receive their inheritance. Although children are legal adults at age 18, very few 18 year olds can properly manage a sizeable inheritance. Accordingly parents frequently make provisions in their Wills so that their children do not actually receive control of an inheritance until they are 25 or older. In such cases, an executor or trustee can be authorized to pay for the expenses of a child’s health, education and maintenance until the child is old enough to properly manage these responsibilities on their own.
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