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Legal Last Will and Testament Form for Single Person with Adult and Minor Children Michigan

Legal Last Will and Testament Form for Single Person with Adult and Minor Children Michigan

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can an Executor keep a minor child's inheritance this usually happens when it's maybe the father died and the mother is still alive and her child The Joint child is also inheriting from the estate so a lot of times the mother or the father who the Survivor thinks well I will just take the money and and I'll keep it safe for the child well that's not how it works the executor is charged with protecting the assets and making sure that they go to who they're supposed to go to so many times what happens is the court will require a Guardianship and may even require what's called a uniform Trust of miners act trust so that that that minor child's inheritance is placed into it and it is distributed to the child depending on their needs health education maintenance and support while they're minors and then distributed to them once they reach the age of majority

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