If I was my niece and nephew’s legal guardian until we adopted them and they’re going to receive death benefits from their grandfather, will I be able to control their money?
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If I was my niece and nephew’s legal guardian until we adopted them and they’re going to receive death benefits from their grandfather, will I be able to control their money?
Or do I need to set up some court appointed overseer? I adopted them 4 years ago.
Asked on April 27, 2015 under Estate Planning, Alabama
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
If you adopted them, you are their parent in all ways in the eyes of the law. If they are minors, you will control any benefits they receive, the same as a birth parent would. If they are adult, the benefits go directly to them.
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