§ 1501 Minor Property Guardian Nomination

• •A parent or any other person can nominate a guardian for a minor's property.
• •The rule covers any kind of property the child gets – gifts, deeds, trusts, wills, inheritances, insurance, or other benefits.
• •The nomination can happen before, at the same time as, or after the child receives the property.

A grandma decides to give $10,000 to her 8‑year‑old grandchild as a birthday present.

The child's parent can name a guardian to manage that $10,000 until the child is old enough to handle it themselves, using the rule that lets anyone nominate a guardian for a minor's property.