If a child who is under the age of 18, will receive money from an inheritance or a personal injury settlement, the Court requires there to be a conservatorship to ensure proper management of the child’s money or asset. A parent, grandparent or other person may file a petition with the court to be appointed conservator for the child and the court will authorize that person to manage the money or asset for the child’s best interest under court supervision. The conservator must get Court approval to use the child’s money for the child’s benefit.
Category:
Guardianships and Conservatorships