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In the State of Kentucky when a minor child dies and the parents are divorced with joint custody what happens to money that the deceased child had invested?
Wiki User
∙ 17y ago
I am sorry for the parents loss. But I hope that they are not fighting about the money. A good thing to do with the money would be that neither parent get it and it go to a memorial college fund in the name of the child. * The distribution of funds depends upon how the account was established. For example if the account was held by one of the parents with survivorship rights being applicable the funds then revert to the parent account holder. Other situations will be determined by the probate succession laws in the state where the account is held.
Wiki User
∙ 17y ago
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