Legal Question in Banking Law in Florida

You do not have to give it to your granddaughter now (especially if you do not think she is financially responsible/mature). I suggest you place your funds in a trust account for her. The trustee can distribute the funds for your granddaughter's care (i.e. food, clothing, shelter, college, etc.) and can fully turn the remaining funds over to her at an age that you designate (i.e. on her 21st or 30th birthday, etc).

If you�d like to schedule a telephone or email legal consultation, please do not hesitate to contact me. Please email your inquiries at [email protected] and I�ll send you a Questionnaire. Or you may reach me by telephone at 1-800-408-5818.

The above reply is for informational purposes only and not for the purpose of providing legal advice. You should contact an attorney to obtain advice with respect to any particular issue or problem. Use of and access to this Web site does not create an attorney-client relationship.