How old must a child be to get money at a parent's death?

1 answer | Last updated: Aug 22, 2010
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An anonymous caregiver asked...
My friend's mother passed away. How old does he have to be to get the money she left to him?
 

Caring.com User - Barbara Kate Repa
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Barbara Repa, a Caring.com senior editor, is an attorney, a journalist specializing in aging issues, and the author of WillMaker, software enabling consumers to...
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The answer depends on where the money came from, how it was left to him -- and where he lives.

But in most situations, where a child inherits through a See also:
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trust or will, there is also a provision stating that an adult should manage the money or property for the child's benefit until he or she is no longer a minor -- or turns either 18 or 21 in most states.

There is an exception for property that is considered to be of little value -- that is, worth less than $2,000 or so. Minors are generally allowed to take such property at once.

If your friend was a minor when his mom died, it is likely that there is some adult in the picture -- another parent, a guardian, or a trustee -- who will be charged with managing the money for him at least until he becomes an adult in the eyes of the law.

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