Legal Question in Wills and Trusts in Utah
transfer of estate money
Under Utah state laws,may an estate transfer money to a minor?
Asked on 3/31/03, 10:20 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: transfer of estate money
Yes, money can be transferred to a minor. Many trusts provide that funds paid to a minor are also payable to the minor's parent or guardian to make sure the money is well used and not squandered. Many trusts also provide that the trustee can use discretion in payments to minors. Read the trust agreement to see what the duties, obligations, and rights of the trustee and beneficiaries are.
Answered on 4/01/03, 12:57 pm