Answer: As a minor, the child will need a guardian of the property if he or she receives any property to his or her name. In Florida, if the child is under 18, then the parent or guardian of the child will need court involvement to be able to be the guardian of the child’s money and property. A guardianship of the property will be costly and it will have to be renewed (or at least, inventories will have to be filed every year with the Court). It can be avoided by the use of proper estate planning, such as Trust Planning.
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