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A minor can be listed as a beneficiary, although those under the age of 18 cannot directly manage inherited funds without additional steps in place. Naming minors as beneficiary of life insurance
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We explain the problems that occur when you, as a parent, name a minor child as a beneficiary on your life insurance policy! Learn about the primary concerns when providing for minors, as well as the specialized estate planning options to help transition assets smoothly to children. Should I name a Minor as a Beneficiary
#1 MISTAKE when Naming Minor Children as a Life Insurance Beneficiary Naming a minor as a beneficiary on a life insurance or retirement account can have significant drawbacks from an estate planning