As amended through November 4, 2016
Rule 12.5.5 - Minor's Estate Not Exceeding Statutory Limitationa.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; or3. 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.Amended effective 10/1/2004.