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What are my options if my mom says she is going to keep my inheritance in a bank account under her name even after I turn 18?

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What are my options if my mom says she is going to keep my inheritance in a bank account under her name even after I turn 18?

Asked on July 3, 2012 under Estate Planning, South Dakota

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 12 years ago | Contributor

Your options with respect to the inheritance that you are writing about depends upon from whom it is from and if the inheritance is to be held in trust by the express provisions of the Will or trust that gave you the gift. As such, you need to carefully read the document that gave you the inheritance with respect to when you are entitled to receive it.

If there is no express age limitation stated in the gifting document for your inheritance, then under the laws of all states in this country you are entitled to the gift when you are an adult, namely age 18.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

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