I am an 18 year old high school student and my great grandfather passed away a few years ago and had left $5,000 to me and a couple other of the great grand children..he also left $10,000 to my mother..it was a thank you gift in his will because he had cancer and we had all helped him through his last days. My mother told me about it when I was younger, I have read somewhere on the internet that the legal age is 18..but I though when I was younger that she had meant 20 or 21 until I can touch it..I can't look up my great grandpa on the internet because I do not have all of the required information and for me to contact the trustee or guardian of the will..he is my moms uncle and he lives in saskatchewan. Help me please... what is the legal age you are entitled to that money and if anyone knows how this kind of thing works..please let me know!
2007-10-16 02:53:23 · 4 answers · asked by angelicious_chic 1 in Politics & Government ➔ Law & Ethics
If the money is held in a trust, it will remain in the trust until the age specified by the will. Being of legal age does not apply here. Your great grandfather could have, though he probably didn't, that the trust be held until you were fifty years old. Many trusts are held until age 21.
2007-10-16 02:59:03 · answer #1 · answered by fangtaiyang 7 · 2⤊ 0⤋
Bob gave you the closest answer but since we don't know HOW the money was to be held, nor can we read the will, there is no way to give you a specific answer.
2007-10-16 10:48:05 · answer #2 · answered by hexeliebe 6 · 1⤊ 0⤋
Its usually 21, but your grandfather can change the age and/or requirements
2007-10-16 10:01:43 · answer #3 · answered by The one who knows 3 · 1⤊ 1⤋
you should get it when you turn 18
2007-10-16 09:58:30 · answer #4 · answered by charlie 5 · 0⤊ 2⤋