GRD

Guardianship

If a guardian, conservator, or personal representative has been appointed to administer a person’s estate, any voluntary or involuntary transfer must be authorized in the proceeding. You must verify that the ward is still alive and a minor (if applicable); once the ward dies or reaches maturity, the powers of the representative may cease. A guardian or conservator has no power to sell land unless qualified in that jurisdiction.

Requirement

GRDR01 STG

Court Approval of Transaction

(Name) , has been appointed as the ____________ of the estate of _________________. The Company requires for its review satisfactory orders authorizing said representative to complete the transaction on behalf of said ward and to execute the appropriate instruments. Upon the entry of the orders, the Company may make additional requirements or exceptions.
Comment: If a guardian, conservator, or personal representative has been appointed to administer a person’s estate, any voluntary or involuntary transfer must be authorized in the proceeding. You must verify that the ward is still alive and a minor (if applicable); once the ward dies or reaches maturity, the powers of the representative may cease. A guardian or conservator has no power to sell land unless qualified in that jurisdiction.

Schedule A

GRDS01 STG

Title in Guardian, Conservator, or Representati

___________, as _________ of the Estate of _____________ under Case or Docket No. _____________, subject to the requirements herein.
Comment: Technically, title is not held by the guardian or conservator. Frequently, commitments reflect title in the representative in order to facilitate the execution of documents by the representative. The commitment also must require appropriate court approval.

GRDS03 STG

Title in Minor or Incompetent

_______________, subject to proceedings under Cause or Docket No. ___________________ in which _______________ has been appointed as ________________.
Comment: Technically, title is vested in the minor or incompetent. The commitment also must require appropriate court approval.