Whenever a minor (a child not of majority age of 18 years) receives proceeds from a lawsuit or is named as a beneficiary in a Will (unless it is in Trust), or receives money from an intestate estate, or is the benefactor of an insurance policy, the proceeds from these must be deposited with the Surrogate’s Court and placed in the Surrogate’s Intermingled Trust Fund, also known as Surrogate’s Intermingled Minors’ Account.
A person(s) must make application to the Surrogate’s Court for appointment as Guardian(s) of Minor’s Property. The parents have first right to make application for guardianship. In order to make application this person(s) must bring in the minor’s original or certified copy of the birth certificate, the child’s Social Security card and a signed copy of the Order, if a lawsuit.
The person(s) will sign an Application for Guardianship Property, Authorization to Accept Service of Process and Guardianship Acceptance Property. The guardian(s) will receive from the Surrogate’s Court Letters of Guardianship Property and a Guardianship Short Certificate Minor. This allows the guardian(s) to represent the interests of the minor in respect to the minor’s property, to petition the Superior Court for emergent use of the minor’s fund and to receive statements of the minor’s account.
The money in its entirety will be released to the minor upon his/her reaching majority age of 18 years.
Please email:
- A copy of the Order, Judgment signed by the judge or letter from insurance company stating how much the minor will be receiving
- A copy of the child’s birth certificate
- A copy of the child’s social security card
- Completed guardianship information sheet
- Copy of the signed and notarized consent if applicable or other parents certified death certificate
To dkelly@co.ocean.nj.us
We will then advise you as when you or your client can come into qualify or email you the qualifications.
Guardianship Consent Form
Guardianship Fact Sheet
|