Friday, March 1st, 2013
- Management Issues;
- Control Issues;
- Public Benefits Issues.
As an example, a typical simple will plan may have a grandmother leaving her legacy and funds to the disabled grandchild since she sees the greatest need.
WHO WILL MANAGE THE INHERITANCE?
However, the grandchild may not be able to manage the funds if:
- the heir grandchild is a minor (possibly requiring a court appointed guardianship).
- the heir grandchild (that maybe a 50 year old) has been determined mentally incapacitated as an example.