Minors, Adults and Capacity

Posted Posted in Beneficiaries, Capacity, Estate Planning, Minor Dependents

On November 6 my oldest nephew turned 18 years old. By law he is officially an adult, able to vote and to open an IRA. From the standpoint of basic rights, there is very little difference between him and me (except for a curfew). This includes the right to sign contracts, to manage our own accounts, to choose our friends and partners, to conduct business, and to essentially perform every other function that the law […]