Rule 5.6B - Minor's Estate. When Guardian Unnecessary(1) Disposition. In General. If the value of the real and personal estate of a minor does not exceed the statutory limitation, the Court may: (a) authorize payment or delivery thereof to the minor, or the parent or other person maintaining the minor;(b) direct the deposit of the money in a restricted account, in the name of a natural guardian of the minor, or of the minor himself; or(c) 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.(2) Mortgage or Sale of Real Property. If the entire estate of a minor does not exceed the statutory limitation, 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 Rules governing the sale 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 1/6/2018; amended effective 6/1/2019.