Age of Majority
The Age of Majority varies from State to State. How, then, can we determine who is- and who is not- a minor (for signature purposes) with regard to an IRA? Can a uniform “Age of Majority” be established for IRA accounts? Would we go by the “federal standard” and use age 18?
Permalink Submitted by Alan Spross on Thu, 2010-08-19 22:40
You should use the state of residency for the IRA grantor as follows:
http://minors.uslegal.com/age-of-majority/
Permalink Submitted by Alanna Crawford on Fri, 2010-08-20 12:47
Thank you!