Civil Action Form - Judgment Approving Minor'S Settlement And Directing The Deposit/investment Of Funds Page 3

ADVERTISEMENT

from said documents and the same shall not be released to or made available for public scrutiny unless
ordered to do so by the Superior Court.
ALTERNATIVE 2 -- GUARDIAN CONTROLS AND INVESTS NET FUNDS
- STRIKE OUT IF NOT APPLICABLE
4.
The guardian of the minor’s estate, shall qualify according to law, and shall, as a
condition of qualifying, enter into a surety bond unto the Superior Court of New Jersey in the amount of
$_____________, which bond shall contain the conditions set forth N.J.S.A. 3B:15-7 and R. 1:13-3. The
bond shall be approved by the court as to form and sufficiency.
5.
Pursuant to R. 4:44 the minor’s net recovery of $________________ shall be paid by or
on behalf of the defendant(s) by check payable to the duly qualified guardian of the estate of
__________________, a minor.
6.
The defendant(s) shall immediately make payment to the guardian of the minor’s estate
upon receiving proof that the Letters of Guardianship have been issued by the Surrogate.
7.
Upon qualifying, the guardian of the minor’s estate be and hereby is authorized to invest
and reinvest the minor’s settlement estate in such investments as the guardian of the estate deems
advisable and prudent, subject, however, to all limitations or restrictions concerning the investment, use
or expenditure of funds held by fiduciaries that are now in force or that may be hereafter established, and
subject further to the duty of the guardian of the minor’s estate to deliver the estate to the minor upon
his/her attaining majority, or to his/her estate should the minor die before reaching his/her majority.
INCLUDED IN ALL ORDERS, REGARDLESS OF WHETHER
ALTERNATIVE 1 OR 2 IS CHOSEN
8.
The guardian of the minor’s estate is not authorized to receive any additional funds or
property on behalf of the minor, except upon application to the Superior Court, Chancery Division,
Probate Part, where the terms or conditions for the receipt of additional funds or property may be fixed.
Pursuant to N.J.S.A. 3B:12-37, said limitation shall be stated in the Letter of Guardianship certificates
hereinafter issued by the Surrogate.
Revised 11/01/2013, Promulgated by Directive #9-08 (05/19/2008), CN 10520-English
Page 3 of 4

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Legal
Go
Page of 4