59-3055. Small estate; investment; disposition. (a) Any court having either control over or possession of any amount of money not exceeding $100,000, the right to which is vested in a minor, shall have the discretion to authorize, without the appointment of a conservator or the giving of bond, and notwithstanding the authority of a natural guardian as provided for in K.S.A. 59-3053, and amendments thereto, the deposit of the money in a savings account of a bank, credit union, savings and loan association or any other investment account that the court may authorize, payable either to a conservator, if one shall be appointed for the minor, or to the minor upon attaining the age of 18 years.
(b) Any court having either control over or possession of any amount of money not exceeding $10,000, the right to which is vested in a minor, shall have the discretion to order the payment of the money to any person, including the natural guardian of the minor, or the minor. If the person is the conservator for the minor, the court may waive or recommend the waiver of the requirement of a bond. If the person is anyone other than the minor, the court shall order that person to hold in trust and manage such person's estate for such person's benefit.
(c) Any court having either control over or possession of any amount of money not exceeding $10,000, the right to which is vested in a person for whom a guardian has been appointed, shall have the discretion to authorize, without the appointment of a conservator or the giving of bond, the deposit of the money in a savings account of a bank, credit union or savings and loan association, payable to the guardian for the benefit of the ward if authorized pursuant to subsection (e)(8) of K.S.A. 59-3075, and amendments thereto, payable to a conservator, if one shall be appointed for the person, or payable to the ward on restoration to capacity.
History: L. 2002, ch. 114, ยง 6; July 1.
Structure Kansas Statutes
Article 30 - Guardians Or Conservators
59-3050 Name and citation of act.
59-3053 Natural guardian; powers and responsibilities.
59-3054 Right to nominate guardian or conservator, or both.
59-3055 Small estate; investment; disposition.
59-3056 Voluntary petition for appointment of conservator.
59-3059 Petition for appointment of guardian or conservator for minor; contents; plan.
59-3062 Petition for appointment of ancillary conservator; contents; authenticated documents; plan.
59-3063 Mandatory preliminary orders; trial; notice.
59-3064 Order for examination for evaluation.
59-3065 Discretionary preliminary orders; procedure.
59-3066 Notice; contents; service.
59-3067 Trial; procedure; appointment of guardian or conservator; denial.
59-3068 Appointment of guardian or conservator; priority of nominee; qualifications; compensation.
59-3069 Oaths; bonds; resident agent; letters; basic instructional program.
59-3070 Appointment of corporation as guardian; qualifications; procedures.
59-3073 Temporary guardian; temporary conservator; petition; order; hearings.
59-3075 Guardian's duties, responsibilities, powers and authorities.
59-3076 Guardianship plan; contents; effectuation; revision.
59-3078 Conservator's duties, responsibilities, powers and authorities.
59-3079 Conservatorship plan; contents; effectuation; revision.
59-3082 Claims against conservatee's estate; petition; contents; notice; hearing; order for payment.
59-3083 Reports and accountings.
59-3084 Court review of guardian's report; hearing.
59-3085 Court review of conservator's report; hearing.
59-3090 Restoration to capacity; petition; contents; hearing; procedure.
59-3092 Termination of guardianship or conservatorship.
59-3093 Confidentiality of medical records and other reports; penalty.
59-3094 Costs of proceedings; payment.
59-3095 Effect of 2002 amendments.
59-3097 Guardianship or conservatorship orders; full faith and credit.