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Posts Tagged ‘minor’s trust’

Trusts and Other Tools: When a Minor Inherits

In California, minors cannot own property above $5,000 outright until they are 18 years old. The rule makes sense, of course: Teenagers are rarely mature enough to manage large sums of money wisely. The question is, how does this law affect your estate plan? What will happen to the assets you leave to your child if he or she is still a minor when you die? The answer is surprisingly […]

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