Minor Beneficiaries
/ˈmaɪnər ˈbɛnɪfɪʃɛriz/
Definitions
- (n.) Individuals under the legal age who are entitled to receive benefits from a trust, will, or estate.
The trustee must manage the assets prudently for minor beneficiaries.
Forms
- minor beneficiaries
- minor beneficiary
Related terms
See also
Commentary
Minor beneficiaries require special consideration in estate planning due to their inability to manage assets independently.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.