Guardianship For Minors

Sadly, family misfortune such as the death of both parents can leave minors on their own. In these occasions, a Guardianship for Minors can provide living expenses for the minor and a stable nest egg once the age of majority (18 in most U.S. states) is reached.

Because legal title to the funds cannot be in the name of the minor, the local court of jurisdiction will appoint a guardian of the property such as The Haverford Trust Company. As guardian, Haverford Trust will ensure that all appropriate bills of the minor will be paid (usually subject to court approval); funds will be invested; tax returns filed and taxes paid; reports rendered monthly; and trust officers available to the family to help with financial questions.

Upon reaching the age of majority, the minor’s funds will be fully accounted for, and The Haverford Trust Company will work closely with the client to assure fiscal continuity. The Haverford Trust Company does not serve incapacitated individuals, only minors.