What is the Law Concerning Distribution of Assets to Minor Children?

Share the Knowledge!

“What is the law concerning the distribution of assets like a diamond ring to a minor child.  Can the executor decide to hold it in a trust for the child on his own, even though the will doesn’t mention a trust?  Or do the child’s parents or guardians have the say about when and how the child receives the ring?”

[NOTE: Articles and answers on DearEsq., while written and published by lawyers, do not constitute legal advice, and no attorney-client relationship is formed by your reading of this information. You should always consult with an attorney for any legal situations.]

This depends on the language in the will.  If the will is silent on the manner in which the assets are to be distributed OR leaves those decisions to the executor, then it is possible to set up some formal arrangement like a trust to distribute the ring.  However, if there is language in the will controlling the distribution, then the executor must abide by the wishes of the deceased.



Share the Knowledge!
Share:

Author: House Attorney

A house attorney has answered this question.