Jackson, MS asked in Estate Planning for Mississippi

Q: MINOR INHERITANCE FROM GRANDMOTHER, IS GRANDDAD OVER THE MONEY, DOES MOTHER HAS ANY RIGHT TOM THE MONEY, DAUGHTER LIVES

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1 Lawyer Answer
Albert Pettigrew, Jr.
Albert Pettigrew, Jr.
Answered
  • Ocean Springs, MS
  • Licensed in Mississippi

A: It depends on the terms and conditions of the Last Will and Testament or the Trust, or whatever instrument was used for the inheritance. If it is silent about who controls the money, the estate executor has a duty to transfer the inheritance to the child's guardian. If there is has been no probate of the estate by an executor, anyone can apply to be the temporary administrator in order to protect the assets.

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