If a minor inherits money or property through intestate succession or through a will in the probate court he or she gets total control at age 18. Depending upon the amount of money involved, people’s opinions vary greatly as to how much can an 18-year-old handle as far as money property and finances.
Supposing a person made a Will but the Will was lost. That can be a disaster if the Will maker has died. If the Will maker is alive, he/she can simply make another Will and that would supersede the prior lost will if it is properly prepared. If the Will maker has died then there may be no way of knowing how the Will maker wanted his/her estate distributed.
Passing Without Any Will should be avoided at all costs Will Definition A Will is a written document which states to whom a person’s belongings, money and property are to be given upon death. A Will is typically effective upon a person’s death. A valid will may either be typed or handwritten (holographic). Intestate Where […]