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Decree Granting Authority to Compromise and Settle Claim of Minor Without Guardianship Mississippi  Form

Decree Granting Authority to Compromise and Settle Claim of Minor Without Guardianship Mississippi Form

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what are the disadvantages of relying on a probate court guardianship to manage my minor children's inheritance a legal guardianship of the property of a minor is subject to extensive Court supervision and it ends when the child turns 18 because of these disadvantages most parents want to avoid a probate court property guardianship if possible although Court supervision sounds like an advantage it makes the proceedings expensive and unwielding when a property guardianship ends the remaining assets are distributed outright to the children few 18-year-olds are mature enough to manage a large inheritance wisely even if you have set up a trust and don't expect to need a property guardianship you should name a property Guardian some property could pass to your children outside of the trust for example they may receive a gift or inheritance from someone else or the proceeds of a lawsuit settlement after you die through an oversight some property may be left outside the trust

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