Inheritance Funds Usage Rules

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Summary

In Kentucky, minors cannot control their inheritance, which is often placed in a trust managed by a guardian, typically the surviving parent. Trust funds can be used for the minors care, including household bills. Even if the surviving parent is remarried and unemployed, the funds can be used for household expenses. However, using the funds for personal vacations is generally not allowed. Always consult a local attorney for specific advice.

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Kentucky
In Kentucky:
- Minors cannot control their inheritance.
- If you're a minor, the money may be placed in a trust managed by a guardian, often the surviving parent.
- Trust funds can be used for your care, which could include household bills.
Remember, this is just general information. You should consult with a local attorney for advice tailored to your situation.
Even if she is remarried and has no job to try and pay the bills herself?
Yes, even if she is remarried. The money in the trust is primarily for your care and benefit. If household bills are part of that care, then they can be paid from the trust. Always consult a local attorney for specifics.
Can she also take the money to go on vacation for herself?
In general, the funds should be used for your care and benefit. However, the specifics can vary. It's advisable to consult a local attorney to understand how the trust can be used.