Q: I need to petition for conservatorship for my 14 year old daughter to receive her inheritance from my Mother.
The inheritance is coming from a Canadian bank and in the amount of $5000 CA. They will not release the funds until they have conservatorship papers. What forms do I need to fill out?
You asked this elsewhere, but let me reiterate:
1) if your current bank won't work with you, go to a different one!
2) GENERALLY speaking, there are exceptions to conservatorship for assets worth less than US$5000 which this is.
3) Similarly a trust or some other structure such as and UGMTA accrount may be an option. There are LOTS of ways to manage this without a full blown conservatorship which I concur is 'overkill' for this amount of money.
Bottom line: Talk to a local lawyer about this possibility.
-- This answer is offered for informational purposes only and does not constitute legal advice or create an attorney/client relationship.
I am licensed to practice in Michigan only. Please seek competent local legal help if you feel you need legal advice
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