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Recent Uniform Transfers to Minors questions

I am the custodian on a mutual fund account granddaughter.

I am the custodian on a mutual fund account for my granddaughter. It has 'uniform transfer to minors act-Il' under our names mine and hers. Do I have to give her the proceeds from this account?

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Loren

Juris Doctor

36,178 satisfied customers
My wife's ex-husband passed away last year. They had a son,

My wife's ex-husband passed away last year. They had a son, who is currently 12 years old. The life insurance for him listed her son as the beneficiary. We received noticed from the life insurance company that my wife had to prove financial guardianship with the courts before they would disburse funds. Do we need to petition for guardianship or conservatorship? Everything I'm reading states we need to petition for conservatorship as that deals with financial matters.Also, when the funds are disbursed, are there rules for how the money can be used? We want to put away most for his college, but there are expenses such as medical, food, car, insurance that we would need to use some funds for. Is this possible?

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J. Warren

Attorney

Doctoral Degree

4,084 satisfied customers
My former husband and father to my minor children passed

My former husband and father to my minor children passed away nearly 5 years ago. He left his estate to our children. I was never shown the will nor have I seen it or had disclosure to it since he's passed. I found out that in the will he outlined the children receive money in increments starting at 25. Can I challenge this as I don't agree with it. Thanks for your help.

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ScottyMacEsq

Doctoral Degree

22,504 satisfied customers
At what age must property or an inheritance being managed in

At what age must property or an inheritance being managed in a CUTMA be turned over to the heir? Can I choose any age or is it regulated by CA law?

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RayAnswers

Lawyer

Doctoral Degree

35,100 satisfied customers
My ex wife passed away and my ex sister in law is executor

My ex wife passed away and my ex sister in law is executor and my daughter is the benificiary of two properties and two IRA's. I am now the legal guardian, what rights do I have while contracts are being signed by my minor daughter? Do I have the right to view contracts and be present while deals are being done? When the properties are sold by a realtor who do those checks get written to? The IRA's will get transfered and the money from the houses will go into an account in my daughter's name but my concern is since she is a minor can the executor name themselves controlling party of those accounts or name themselves beneficiary?

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ScottyMacEsq

Doctoral Degree

22,504 satisfied customers
My mother left me as the sole beneficiary of her IRA account

My mother left me as the sole beneficiary of her IRA account when I was 4 years old. Since I was a minor the account was given custodians--my aunt and uncle. I am now 25 years old and they still have not removed themselves from the account. The account still has me as a minor so I can't get access to my inheritance. My aunt and uncle are uncooperative about getting a court order signed so that they will be removed from the account. What can I do about this? How do I get access to my inheritance? In FL the custodians of the account are (by my understanding, maybe I'm wrong) obligated by law to sign the account over to me once I am 18 years old, but it has been 7 years and they aren't doing anything. I feel helpless.

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Irwin Law

Juris Doctor JD

8,422 satisfied customers
My Mom just passed away and my brother is the executor of the

My Mom just passed away and my brother is the executor of the estate. In the will, my 8 year old daughter was given 25K and it stated if she was not 18 at the time of my Mom's death "bequest may be transferred to a custodian for her under the Wisconsin Uniform Transfers to Minors Act."I just received a copy of the will and a notice that an attorney has been named as my daughters guardian ad litem and I guess will be the custodian of her bequeath???Are her Father and I not allowed to be the guardians of this money?There is no family discord and I am trying to figure out why my brother has done this? Can you help me?

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LegalGems

Juris Doctorate

13,456 satisfied customers
We have our home on land that as "given" to my husband & I

We have our home on land that as "given" to my husband & I by my parents. On the deed, they had our minor children added to the deed. My father passed away last year. We want to sell out home (my mother has agreed to allow us) but we are told that we can not sell until both out children reach 18 yrs. old. The last child won't be for another 8 yrs & then who knows if they would allow us to anyway. How can we remove the minor childrens names from the deed so we can sell out home?

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originallawyer

Attorney at Law

Doctoral Degree

1,506 satisfied customers
How can I remove a minor child from a title to real estate

How can I remove a minor child from a title to real estate in Florida? The minor and her natural parents are on the title. One parent was joint tenant with rights of survivorship with her mother. Her mother had homesteaded the house and was the only person living in Florida. When her mother died, she hired an Attorney to remove her mother (now deceased) from the title and add her spouse and minor child as joint tenents with rights of survivorship (so that if both parents died the minor child would have the house). No one lives in Florida and the house is no longer homesteaded.

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LegalGems

Juris Doctorate

13,456 satisfied customers
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