Asked in Family Law, Banking and Probate for Michigan

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?

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1 Lawyer Answer
Kenneth V Zichi
Kenneth V Zichi
Answered
  • Estate Planning Lawyer
  • Howell, MI
  • Licensed in Michigan

A: 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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