Minor

By: Martin M. Shenkman, CPA, MBA, JD

Person who is not old enough to be an adult under state law. The age varies by state. When drafting a certain trusts consideration should be given to limiting the remainder beneficiaries solely to the adult children of the Grantor. If the trust had to modified or changed, having only adult children (e.g., excluding the common bequest to issue of a deceased child, or heir), and instead providing that in the event a child died prior to the end of the Trust term, the deceased child's siblings would inherit.

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