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Conservatorship of a Minor
A Conservator of a minor child is a person, appointed by the judge to manage money and property for someone under
the age of 18. The Conservator is usually a parent or sometimes a financial institution. The minor child for whom
the Conservator is appointed is referred to by law as a "protected person."
A Conservator cannot be appointed until after a court hearing. If the minor is 14 years old or older, the judge
will consider the minor's preference in deciding who will be named as Conservator.
The judge may order the Conservator to obtain a bond to protect the minor's assets. Bonds insure protection
against theft or fraud by the Conservator and are obtained from insurance companies. A bond may NOT be required
if the judge orders all of the funds be placed in a "restricted" bank account, which requires a court order
before the bank can release the funds.
If the funds are not restricted, the Conservator must keep detailed records of all financial transactions which
show the dates, amounts and types of all financial transactions, with receipts. Once a year, the Conservator must
file a petition for approval of an accounting with the court which lists all financial transactions since the
appointment date and all financial transactions for the year in review. The next year another accounting must be
filed and approved, which show all the transactions since the last court apporval, and so on until the court case
When the minor reaches age 18, the minor or the Conservator must ask the court to end the Conservatorship,
release the funds and discharge the Conservator from further liability. If a court order for termination and
discharge is not entered, the Conservator is still liable for the use of the minor's money.