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	<title>New answer on: What Happens If Life Insurance Beneficiary Is A Minor?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/what-happens-if-life-insurance-beneficiary-is-a-minor</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Sun, 14 Jul 2013 12:36:31 +0000</pubDate>

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		<description><![CDATA[If a life insurance beneficiary is a minor, the court will appoint a guardian to handle the money for the child until they reach the age of 18 or 21, depending on the state. &#160;If you want to select that person yourself, you can name a property guardian in your will, or name an adult custodian for the life insurance proceeds under the Uniform Transfers to Minor Act (UTMA).]]></description>

		

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		<title>By: Ted Ratliff</title>

		<link>https://insurancelibrary.com/life-insurance/what-happens-if-life-insurance-beneficiary-is-a-minor</link>

		<dc:creator>Ted Ratliff</dc:creator>

		<pubDate>Tue, 30 Apr 2013 10:59:57 +0000</pubDate>

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		<description><![CDATA[If a beneficiary is a minor the money would be placed in a trust until the child reaches 18, in most cases.  I do not recommend leaving life insurance proceeds to a minor child.  It would be better to either establish a trust or leave it to a trusted family member with instructions that the money be set aside and used for the child.  A trust would be the safest way because you can spell out how the children receive the money.]]></description>

		

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