Legal Question in Wills and Trusts in New York
Hello,
If a minor 16 years of age was the sole benefactor of a $1 million IRA and another quarter million in life insurance with the original owner dead, and the minor having a guardian appointed, could the minor create a legal will to give the money to the minors guardian?
Asked on 8/28/14, 4:57 am
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
No. Because he is a minor, he can renounce his actions when he becomes an adult. Thus, a Will created while he is a minor is not valid and would need to be affirmed as valid when he reaches adulthood. Better is that a new Will be created at that time.
Answered on 8/28/14, 9:25 am
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