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News Updated Date : |
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November 27th, 2009 12:56pm |
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Legal Guardianship Law Firm In
California
First of all, in your will, you should nominate a
guardian to supervise and care for your child (and to manage the
child’s assets) until he or she is 18 years old.
Under California law, a minor child (a child under
age 18) would not be legally qualified to care for himself or
herself if both parents were to die. Nor is a minor legally
qualified to manage his or her own property.
Your nomination of a guardian could avoid a “tug of
war” between well-meaning family members and
others.
You also might consider transferring assets to a custodian
account under the California Uniform Transfers to Minors Act to be
held for the child until he or she reaches age 18, 21 or
25.
Or you might consider setting up a trust to be held,
administered and distributed for the child’s benefit until
the child is even older.
California State Bar
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