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confused inheritant

  • Thread starter Thread starter sistersis
  • Start date Start date

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sistersis

Guest
I live in nevada, my brother passed away in july had a will that left all his assets to his neices and nephews. The only major asset he had was his home. Luckily he had an insurance policy that paid off the balance in case of his death. Now that the process has ended the attorney representing the children say that the proceeds are to be put in a trust fund for each child and needs to be filed with the courts. Does the court order the money into one account or does it go to the individuals under the guardianship of the parents? this is a very confusing matter. The house has been sold through probate, i really don't understand the process.
thank you
 


ALawyer

Senior Member
Usually if the beneficiaries are minors, the money is held by the court until each of the the minors turns 18, and then they get their shares. The money is usually NOT given to the children's partent or guardian before that, except in some very unusual circumstances.
 

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