Conservator (Minor)

STATUTES:

Minnesota Statues 524.5-401 to 524.5-433

Minnesota Statutes 524.5-401 through 524.5-433 of the Uniform Probate Code govern conservatorships of minors.  Persons appointed conservators of the estate of a minor will be required by court order to post a bond conditioned upon the guarantee of faithful performance of duties of conservator.  The bond amount is set at the discretion of the probate judge or referee, and will run until the child reaches the age of majority.  The conservator is charged by the court to preserve the assets of the minor.  Some courts will waive the bond requirement if the minor’s assets are placed in protective custody with the court.

Underwriting Requirements: