15.08 Termination of Small Estates of Minors or Disabled Persons When the value of any minor's or disabled person's estate which is being administered in the court, is or becomes less than five-thousand ($5,000.00) dollars, and no part of the estate consists of real estate or a pending cause of action for personal injuries, a petition may be filed requesting the distribution of the estate without further administration. In the case of a disabled person, application shall be made by the spouse, or if there is no spouse, by a guardian of the person or by a relative, having the responsibility of the support of the disabled person. In the case of a minor, application shall be made by the guardian or by a parent or a person, standing in loco parentis to the minor. If it appears that there is no unpaid creditors, and that it is to the best interest of the estate and the minor or disabled person, the court may order the guardian to file a final account and make distribution, as the court directs, and upon completion of these duties, discharge the guardian.
When the value of any minor's or disabled person's estate which is being administered in the court, is or becomes less than five-thousand ($5,000.00) dollars, and no part of the estate consists of real estate or a pending cause of action for personal injuries, a petition may be filed requesting the distribution of the estate without further administration. In the case of a disabled person, application shall be made by the spouse, or if there is no spouse, by a guardian of the person or by a relative, having the responsibility of the support of the disabled person. In the case of a minor, application shall be made by the guardian or by a parent or a person, standing in loco parentis to the minor. If it appears that there is no unpaid creditors, and that it is to the best interest of the estate and the minor or disabled person, the court may order the guardian to file a final account and make distribution, as the court directs, and upon completion of these duties, discharge the guardian.
Signed: 10/91 Amended: 1/96; 9/00