By Becky Raspe, Cleveland Jewish News
When one is preparing their estate plan, it’s common for some of those assets to pass to children.
“Adults who receive assets outright from a bequest or inheritance generally have full control and enjoyment over the assets once received,” KJK Wealth & Estate Planning partner Kevin Lenhard said. “Minors, on the other hand, may be the ultimate recipient of the assets, but there is usually a guardian or custodian assigned to manage the assets until the minor becomes an adult.”
Click to read the full article.
KJK publications are intended for general information purposes only and should not be construed as legal advice on any specific facts or circumstances. All articles published by KJK state the personal views of the authors. This publication may not be quoted or referred without our prior written consent. To request reprint permission for any of our publications, please use the “Contact Us” form located on this website. The mailing of our publications is not intended to create, and receipt of them does not constitute, an attorney-client relationship. The views set forth therein are the personal views of the author and do not necessarily reflect those of KJK.