How Should a Minor’s Inheritance Go Through a Custodian? | NC

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Q: How should money left to minor grandchildren or great-grandchildren be distributed when the trust says it must go through a custodian? A: The trustee should not pay the money directly to the minor, or to a parent in the parent’s personal capacity. In North Carolina, the trustee should transfer the minor’s share to a proper custodian under the North Carolina Uniform Transfers to Minors Act. If…