Legal Question in Wills and Trusts in Illinois
inheridence
i have adopted kids whos parents are dead and they have money in a cd that their aunt put in there when parents died stating no with drawls with out court order or until kids reach 18. but now that i am the parent can i touch that money when i chose. the cd is showing me as gaurdian but now i adopted them. do i still have to report to courts on the money
2 Answers from Attorneys
Re: inheridence
The aunt can decide when and how her money is distributed to another person. Why would you assume you can change the aunt's will regarding her own money? Perhaps I am not understanding the question.
Re: inheridence
If the account (guardianship estate? Trust? UTMA?) says no withdrawals until 18 w/o court order, then there should be no withdrawals until 18 w/o court order. Follow the instructions. If you need the funds for their care then ask the court for permission.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
