Legal Question in Wills and Trusts in Alabama
Minor Children's Inheritance
My mother's friend willed everything in her esate to my two minor children, ages 15 and 17. She did not set up a trust. What should I expect in terms of how they will get their inheritance?
1 Answer from Attorneys
Re: Minor Children's Inheritance
Assuming the children reside in Alabama, the Alabama Code requires that all minors have a Conservator who can receive inheritances, insurance settlements etc, provided the amounts are not insignificant. In this case, assuming the amount is over $25,000, each child will need a conservatorship established in the county of their residence. The conservator can he a parent but must be bondable, meaning they must have good credit. You will need to hire a local attorney to set this up for you. Contact the state bar or NAELA.org to find someone.
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