I am the trustee for my deceased cousin's estate. Among the heirs there is a minor child who will receive her share of the estate when she reaches age 30. I would like to put her share of the estate in a bank account that holds the money for 27 years, pay interest and pay the money to the child
automatically when she turns 30. Is there such an account?
You may have to create a trust to hold those funds and comply with the terms of the Will, because there aren't conventional bank deposit account products that meet the requirements. Contact the attorney that helped draft your cousin's Will to ask for some guidance on how to fulfill the Will's directions.
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You may have to create a trust to hold those funds and comply with the terms of the Will, because there aren't conventional bank 