When Should Your Children Receive Their Inheritance?
If you are considering having an estate plan prepared and have minor children, have you decided when your children would receive their inheritance? One of the main purposes of estate planning is to ensure that your family, and especially your children, will be provided for after you are gone.
A minor does not have the legal capacity to receive an inheritance until they are 18 years old. However, for many parents, they feel the age of 18 is not mature enough to handle a large lump sum from an inheritance.
The majority of our clients have elected for their children receive their inheritance in multiple disbursements, while also providing for the child’s healthcare and educational expenses. Here at DAL Law Firm, we would be able to provide advice to help you make the best decision for you and your family.
Choosing when your child will receive their inheritance is a very personal decision for you as a parent. Contact our office today at (206) 408-8158 for a free consultation if you have questions or want to talk about concerns you have about leaving an inheritance for your children.
DAL Law Firm is conveniently located in Normandy Park, Washington. We serve clients in Washington cities such as Normandy Park, Des Moines, Burien, SeaTac, Tukwila, Federal Way, Renton, Kent, Seattle, Bellevue, Redmond, Issaquah, Kirkland and others throughout King County.
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