Legal Question in Wills and Trusts in Nevada

Inheritance

Can a minor inherit a substantial amount of money without it being put into a trust? Who does the law allow to be a trustee of this trust?


Asked on 1/10/08, 7:40 pm

3 Answers from Attorneys

James Smith James E. Smith Ltd.

Re: Inheritance

A Guardian must be appointed.

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Answered on 1/10/08, 7:50 pm
Paul Malikowski Malikowski Law Offices, Ltd.

Re: Inheritance

If a minor child receives an inheritance or proceeds of a lawsuit or insurance policy, the court must appoint a guardian. Both parents or a surviving parent may make and file with the clerk of the Court, a written declaration naming a guardian of the child's person or property to serve if both parents die or become incapacitated. A guardian may also be designated in a will in which the child is a beneficiary.

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Answered on 1/10/08, 8:05 pm
John Steele Steele Law Firm

Re: Inheritance

Since you are not an adult, you cannot sign anything such as investment accounts, and so on. So there is no way. Until your 18, your word is worthless, so no sane person will contract with you.

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Answered on 1/10/08, 8:14 pm


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