Legal Question in Wills and Trusts in California
guardianship of a minor's estate
my 4 yr old daughters dad named her as beneficiary of his life insurance. i need to get a letter of guardianship from the court. do i need to get bonded? im her mom and her dad passed away.
3 Answers from Attorneys
Re: guardianship of a minor's estate
A bond is required for the amount of the policy payout, or you can open a "blocked account" at a bank instead. The blocked account requires no bond because the money can't come out without a court order.
Re: guardianship of a minor's estate
the insurance company can require a guardianship of your daughter's estate rather than accepting other possible alternatives. you should retain an attorney to provide advise and file a petition with the court as necessary.
SEE:
http://www.courtinfo.ca.gov/selfhelp/family/guardianship/becoming-6.htm
http://www.courtinfo.ca.gov/forms/documents/gc205.pdf
Re: guardianship of a minor's estate
I think you need to be appointed custodian under the Uniform Transfer to Minor Act. Ask the insurance company what documentation they want.
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