QUESTION
Can a minor control a bank account left by a deceased family member?
Asked on Apr 19th, 2011 on Estate Planning - Arkansas
More details to this question:
Someone has a minor bank account and his father who is the legal administrator has passed away. Can his mother operate the account if the child is still a minor and must wait until age 18?
2 ANSWERS
Trusts and Estates Attorney serving Jacksonville, FL
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Law Office of David M. Goldman PLLC
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The natural parent can be the guardian under the Uniform Transfers to Minors act until they reach the age of 18.
Answered on Apr 20th, 2011 at 10:41 AM
Family Law Attorney serving Little Rock, AR
at
Tammy B. Gattis Attorney at Law, P.A.
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A minor cannot contract so cannot operate account without a parent.
Answered on Apr 20th, 2011 at 10:33 AM