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Can A Minor Be A Beneficiary In A Will?

Parents will, for the most part, want to name their children as a beneficiary of their estate once they have died. But what happens if that child is a minor (under 18) at that time? Are they able to inherit?

The answer is that they are not able to receive their inheritance, but that doesn’t mean that you can’t name them as a beneficiary. It may sound strange, but as long as you include a caveat within the will that states that if the child is under 18 at the time of your death then their inheritance will go into trust, then there should be no problem.

But even if you don’t specify what type of trust you wish your child’s inheritance to go into, there will be an automatic trust arranged. This trust (over which you will have no say as it won’t have been arranged in advance) means that your executor will have the responsibility of the money, property, or other assets until your child becomes an adult at the age of 18.

If you set up a trust yourself, you can choose any age (over the age of 18) for your child to receive their inheritance. This can be useful if the sums are particularly large, and you feel that you would want your child or children to inherit only when they are more financially responsible, which often comes with age.

Sometimes it can be a good idea for the trustee of your child’s trust to also be the person named as their guardian. This means that everything can be looked after in one place, and there will be no confusion. However, it is perfectly possible to name different people for each role. As long as the information is written in your will, and discussed (ideally) with the people concerned beforehand, then everyone will understand what is to happen, and how.

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