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Reply to "Teenager about to inherit money outside a trust"
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[quote=Anonymous]My mom was in failing health and I was able to make a codicil to her will during the last year of life. All she needed to do was sign the papers in front of the lawyer. Perhaps your relative will agree to this if you make all of the arrangements. Within a trust you can set up conditions about what the money may be used for or what age the kid may have access to it. If that is not possible, you might be able to set up an account that prevents access until age 18. That is not really going to help as much. [/quote]
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