Utah Accounting of Minors Estate

State:
Utah
Control #:
UT-SKU-0374
Format:
PDF
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Description

Accounting of Minors Estate

Utah Accounting of Minors Estate is a legal document that is completed and signed by the legal guardian of a minor when managing the minor's estate. The purpose of this document is to provide an accounting of all assets and income received and disbursed on behalf of the minor. This document is important in order to ensure that the minor’s estate is managed properly and that all assets and income are properly accounted for. The document provides a detailed record of all financial transactions related to the minor’s estate, including deposits, withdrawals, investments, purchases, and sales. The two main types of Utah Accounting of Minors Estate are the Initial Accounting and the Final Accounting. The Initial Accounting is completed by the legal guardian at the beginning of the estate management process and is used to provide an overview of the assets and income of the minor’s estate. The Final Accounting is completed at the end of the estate management process and is used to provide an accurate record of all transactions that have occurred during the estate management process.

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FAQ

To transfer a guardianship or conservatorship to another state, you must petition the Utah district court for permission. Notice of the petition must be served on the persons who would be entitled to notice of a petition for the appointment of a guardian or conservator.

The appointment of a guardian does not terminate a parent's rights. The legal parents of the minor retain some rights and responsibilities even if the court has ordered someone else to be the child's guardian. Parents retain the right to reasonable parent-time unless restricted by the court.

Limited or full appointment You might have authority to make decisions about certain things, called a limited guardianship. Or you might have authority to make decisions about all aspects of the protected person's life, called a plenary or full guardianship.

Annual status report A guardian must report annually to the court on the protected person's care and status. Utah Code 75-5-312. The report shows what and how the protected person is doing and alerts the court to changes.

If the protected person does not have an attorney of their own choice, the court will appoint an attorney from the Guardianship Signature Program. Utah Code Section 75-5-307. A request to terminate the guardianship may be made by filing a Motion to Review, Terminate, or Remove Guardian or Conservator.

Court appointment of guardian of minor -- Procedure. If necessary, the court may appoint a temporary guardian, with the status of an ordinary guardian of a minor. The authority of a temporary guardian may not last longer than six months.

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Utah Accounting of Minors Estate