0
If an heir is a minor, any inheritance due to that minor will be paid to the minor's legal guardian, who will turn it over to the minor upon becoming an adult. Different states have different laws and there may be many variations on this general rule, so knowing the state law is a must. As an example, in New Jersey, a parent is not considered the legal guardian of his or her minor child for purposes of taking care of the child's money, unless the inheritance is in an amount that is less than $5000. The parent must be formally appointed as legal guardian and have to post a surety bond before receiving the child's inheritance. If the law of the state requires appointment of a legal guardian in such a case, the administrator of the estate will not distribute the inheritance until proof of proper appointment is provided.
What else can I help you with?
Is a minor who turns 18 in August the sole heir of her deceased fathers estate and the will now null and void?
Not at all.
Does a will have to be probated for only 1 heir?
Typically a will must be filed -- usually in court. Whether you need to actually open a probate estate, however, depends on the size of the estate and who the heir is. For example if the estate is very small and the heir is an adult, the state may have a procedure that simplifies the process. If the estate is large and the heir is a minor, however, as another example, full probate may be required.
What is the homophone for heir?
the homophone for heir is air
What is the homonym for heir?
heir/air (NOT hair!)
What does heir to heir mean in a will?
"Heir to heir" in a will means that a person is designated as the beneficiary or inheritor of assets who, in turn, designates another person as their beneficiary or inheritor. It establishes a succession plan for the assets to pass from one designated person to another.
Opposite of heir?
The opposite of heir is heiress. Heir is the male beneficiary while a heiress refers to a female who is to inherit wealth.
How do you put heir into a sentence?
he was heir to the throne
What is the meaning of heir?
A person who inherits possessions is called an heir. The word heir is a noun. Some synonyms for heir are beneficiary, grantee, inheritor, and successor.
Can an heir who is not listed in the will receive any proceeds from the estate?
If there is a valid Will and the person is not included then he or she is not considered an heir. Although it is possible to legally challenge a Will, the process can be expensive and lengthy.
Is Prince Charles an heir?
What is the right way to say is Prince Charles an heir to the throne or a heir to the throne
Which one is correct 'a heir' or 'an heir'?
I was considered 'an heir' of my grandmother's estate under the state laws of intestacy.
What is homonym for heir?
heir/air (NOT hair!)
