Leaving Legacies to Minors: The Pros and Cons

Vested Interest: The gift belongs to the minor immediately, though they can't sign for it until 18. If they die before 18, it stays in their estate.

Contingent Interest: The gift is only received if they reach a certain age (e.g., 21 or 25). This offers control but can cause hardship if the money is needed earlier for the child's benefit.