Parents Disagree as to When Children Can Handle an Inheritance

If you’re wondering at what age your children or grandchildren will be old enough to handle an inheritance, well, you’re not alone.

U.S. Trust recently conducted a survey of wealthy Americans (with assets of $3 million or more) and asked them that precise question. The issue is important because many parents leave assets in a trust for children or grandchildren until they reach a certain age, so the parents have to choose an age at which to release the funds.

The survey answers varied widely. Here’s a closer look at the results:

Age 18-24: 4%

Age 25-29: 23%

Age 30-34: 37%

Age 35-39: 17%

Age 40 or older: 17%