My 10-year old son inherited $20,000. Can I receive the inheritance for him?
It will be necessary for the parents to be appointed as guardian of the property of the minor child by the court before distribution can be made. In Miami-Dade County, Florida, it is customary for the court to require the funds be placed in a frozen bank account until the child reaches the age of 18. Guardianship is required for sums in excess of $15,000 received by a child unless the bequest directs payment to a person as Custodian under the Florida Uniform Transfer to Minors Act or to a trustee of a trust.
