![]() |
![]() |
< Previous | Contents | Next >
Minority34. What rules apply during the period when an heir is a minor?The age of majority is 18. On the intestacy of the deceased, a minor's interest is held on "statutory trusts" until he is 18 (see Question 36). If a minor inherits under a will, the terms of the will govern the way in which his inheritance is held (which will generally cover whether he is entitled to income from the fund). Wills often provide for a minor's inheritance to be held on trust until a specified age beyond 18 years. |