# Accounting/tax question regarding insurance payout to a minor

**URL:** https://boards.straightdope.com/t/accounting-tax-question-regarding-insurance-payout-to-a-minor/986696
**Category:** In My Humble Opinion
**Created:** [July 6, 2023, 3:23pm UTC](https://boards.straightdope.com/t/accounting-tax-question-regarding-insurance-payout-to-a-minor/986696 "2023-07-06T15:23:50Z")
**Posts on this page:** 1
**Showing post:** 13

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### Author: ![CairoCarol](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/cairocarol/32/3825_2.png) [@CairoCarol](https://boards.straightdope.com/u/CairoCarol)
#### Post date: [July 7, 2023, 5:00pm UTC](https://boards.straightdope.com/t/accounting-tax-question-regarding-insurance-payout-to-a-minor/986696/13 "2023-07-07T17:00:00Z")

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[This thread jolted my memory of when my son inherited a life insurance policy from his grandmother.](https://boards.straightdope.com/t/northwestern-mutual-you-suck/667980)

I just read my old thread again, and man - the insurance company was even more jerkish than I remembered. (Anyway, my son did get the money when he turned 18 - he invested it and now has a nice nest egg for the future.)

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