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Reply to "Teenager about to inherit money outside a trust"
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[quote=Anonymous][quote=Anonymous]If the kid is still in this state when he inherits it could be pretty bad. Op has every reason to be concerned. Op we had a kid in the same mind set. Check into the possibility of a codicil. Good luck with it.[/quote] Thank you. I’m thinking distributions. My relative wants my child to use it for college but doesn’t stipulate that in his will. I’m not sure if my DC will go that route. So, what is like to do is have something allowed to be taken for college payments, and if not used for college, provide distributions at 25 and 30.[/quote]
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