Legal Question in Wills and Trusts in California

personal injury setlement of 12 year old minor

In the state of CA can a 12 year old minor invest in a business and/or own property?


Asked on 2/03/05, 3:04 pm

1 Answer from Attorneys
Ken Koenen Koenen & Tokunaga, P.C.

Re: personal injury setlement of 12 year old minor

No. The money would be held in trust, for the benefit of the minor, and the trustee could invest it (prudently) in various investments.

Read more
Answered on 2/03/05, 3:35 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in California