It sounds like smart planning… naming your child or grandchild as your executor, trustee, or power of attorney now so you don’t have to update your documents later. But when that person is still under 18, things aren’t as simple as they seem. Today, Nick explains that while the idea comes from a good place, it can create real legal and practical problems when those roles are actually needed. He also covers smarter ways to structure your plan, so it works when it actually matters, not just on paper.
Here’s some of what we discuss in this episode:
⚖️ Legal Reality: Minors cannot legally serve in fiduciary roles
🚫 Practical Limits: Naming them early doesn’t mean they can act when needed
🔮 Future Planning: Using minors as backup options requires careful structuring
🧩 Real-World Impact: Legal eligibility doesn’t always equal capability
📌 Better Approach: A well-structured plan avoids unnecessary risk
Go Inside the Episode:
0:00 – Intro
0:53 – Naming minors as fiduciaries
4:02 – Fiduciaries under the age of 18
9:05 – Legal and practical limitations
11:15 – Ethical and real-world considerations
Resources:
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