Who Controls My Child’s Inheritance if I Die without a Plan?
If you don’t express your wishes in a will or trust, the court decides who controls your child’s inheritance. Generally, the court chooses a professional and takes his or her fees from the estate. Guardians need attorneys to help them comply with the numerous court-ordered requirements, and those fees come out of the estate as well. Of course, the court may not control your money for long. Your child will have full control over his inheritance at the age of 18 – an age when many kids have not even graduated from high school.