Merc. Cnty. Pa. 12.5.5

As amended through November 4, 2016
Rule 12.5.5 - Minor's Estate Not Exceeding Statutory Limitation
a.Disposition. In General -- If the value of the real and personal estate of a minor does not exceed the statutory limitation as provided in Section 5103 of the Probate, Estates, and Fiduciaries Code (20 Pa. C.S.A. § 5103), the Court may:
1. authorize payment or delivery thereof to the minor or the parent or other person maintaining the minor;
2. direct the deposit of the minor in a restricted account in the name of a natural guardian of the minor or of the minor individually; or
3. make such provision for the retention or deposit of securities or other assets as the Court shall deem for the best interests of the minor.
b.Mortgage or Sale of Real Property. -- If the value of the entire estate of a minor does not exceed the statutory limitation as provided in Section 5103 of the Probate, Estates, and Fiduciaries Code (20 Pa.C.S.A. § 5103), the Court, upon petition, may authorize the parent or other person maintaining the minor to convey or mortgage any real property forming a part or all of such estate, without the appointment of a guardian or the entry of security. The petition shall conform to the requirements of the provisions governing the same or mortgage of real property by a guardian. The order of the Court may be conditioned upon the deposit of the proceeds of the sale or mortgage in a restricted account.

Merc. Cnty. Pa. 12.5.5

Amended effective 10/1/2004.