As amended through January 8, 2015
Rule 12.5(f) - Small Estates Of Minors(1) Any petition to have the estate of a minor awarded without the appointment of a guardian or the entry of security shall contain, inter alia, the following: (a) a statement that the net value of the entire real and personal estate of the minor does not exceed the statutory limitations, and(b) the name of a bank or insured savings and loan association as suggested depository.(2) Unless satisfactory reasons for doing otherwise be presented to the court, the court will direct that said fund be deposited in an interest-bearing deposit in said bank or be invested in said insured savings and loan association in the name of the minor if fourteen (14) years of age or older, or in the name of the natural guardian of the minor, if the minor is under fourteen (14) years of age, subject to the express restriction, to be noted on the records of the depository, that no withdrawals shall be made therefrom without order of court. Evidence that the deposit or investment is marked to indicate the foregoing restriction shall be exhibited to the court within twenty (20) days of the deposit or investment.