Leaving an Estate to a Minor What You Need to Know

Washington state law prevents minors from inheriting property directly, necessitating court intervention for managing such assets. Attorneys recommend using the Uniform Transfers to Minors Act (UTMA) or establishing a trust to ensure effective management of inheritances. The UTMA allows a designated custodian to manage assets until the minor reaches the age of majority, which can be set later than 18. A trust for minors provides greater flexibility, allowing specific conditions for distribution based on milestones or age. Experts advise delaying inheritance distribution to a more mature age, such as 22 or 25, to promote responsible management.

Naming a minor directly as a beneficiary can result in legal complexities and conflicts. Utilizing UTMA or trusts helps avoid these issues while ensuring the benefactor's intentions are honored. Proper estate planning is crucial for those wishing to leave assets to minors in a structured manner.