Minor Beneficiary Will Payments
Summary
In Tennessee, if a will includes Minority Provisions, the executor and trustee can make payments directly to a minor beneficiary without needing court approval. This allows for a more streamlined process in distributing assets to minors as specified in the will.Full Conversation
I have a minor who is the sole beneficiary of a will, can the executor or trustee give that minor money from the will
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Tennessee
In Tennessee, the executor or trustee can give money from the will to a minor beneficiary, but it may require court approval. Do you know if the executor or trustee has sought court approval?
In the will under Minority Provisions it says the executor and the trustee may make payments directly to the minor beneficiary. What does this mean?
In Tennessee, the "Minority Provisions" in the will mean that the executor and trustee are allowed to give money directly to the minor beneficiary without seeking court approval.