Our family lives in Ohio. An aunt in Pennsylvania passed away recently. Our 3 minor children are named as beneficiaries for a couple of her retirement accounts. Husband (the childrens' father) and I are married, so no custodial issues.
We received some paperwork from the firm which manages the retirement account, but apparently before we can sign it, we need to go to court and get some document that says one of us is a guardian ad litem because the children are under 18. The amount they are inheriting is under Ohio's maximum limit for minor children.
Is this true? Even though we are the children's natural parents and they live with us we have to have guardianship papers? How does one go about getting this document? Does it take a long time? Can it really be that difficult in a case such as ours where there are no custodial issues?
Thanks for any advice.
We received some paperwork from the firm which manages the retirement account, but apparently before we can sign it, we need to go to court and get some document that says one of us is a guardian ad litem because the children are under 18. The amount they are inheriting is under Ohio's maximum limit for minor children.
Is this true? Even though we are the children's natural parents and they live with us we have to have guardianship papers? How does one go about getting this document? Does it take a long time? Can it really be that difficult in a case such as ours where there are no custodial issues?
Thanks for any advice.