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.”
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