Shepherdsville, KY asked in Estate Planning and Probate for Kentucky

Q: I have been appointed executor of my mother’s will. Beneficiaries include me, my sister, and 9 grandchildren (3 of whom

are minors). Grandchildren will each receive about $2500. How should this be paid to minor children and can the minor children sign the informal settlement agreement form.

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1 Lawyer Answer
Timothy Denison
Timothy Denison
Answered
  • Estate Planning Lawyer
  • Louisville, KY
  • Licensed in Kentucky

A: The probate court will set the terms but generally the children’s money will be placed in a blocked account until they reach age 18. The Court will have to give permission before any of the money can be withdrawn. The minors do not sign the informal final.

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