Inheritance. It’s a word that makes many people excited, but it can be a devastating word as well. When you’re receiving an inheritance, it usually means that someone you love has passed away. It may also mean that there is a golden lining to their passing in the form of assets.
While it’s hard to deal with the loss of a loved one, an inheritance can sometimes soften the blow in some ways. It might mean you have more money to fall back on or to use while you grieve. It may mean you have property you didn’t in the past so that you can continue to grow your own wealth or improve your life in other ways.
If you have ever received an inheritance and want to do the same for your beneficiaries, then you may want to speak with your attorney. Your attorney can help you learn about the many ways that you can leave inheritances behind so that the people you love receive a piece of your estate.
Can you leave an inheritance to a minor?
Yes, you can, but it’s generally a better idea to leave an inheritance in a protected trust. A trustee will make sure that your minor beneficiary has their inheritance protected and given to them only when the right conditions are met. This can give you peace of mind, too, since you’ll know that the inheritance can’t be spent too soon or at too young an age.
If you want to leave behind an inheritance, our website has more information about the steps you can take.