HEARING ON MINOR'S COMPROMISE
* TENTATIVE RULING: *
The petition is denied without prejudice. The court is uncomfortable having one parent have control over a California UTMA account given that withdrawals can be made at the parent’s discretion. The papers should be resubmitted with a guardian for the minor (which can be one of the parents) and then the money deposited in an insured account subject to withdrawal only on authorization of the court.
Hearing Date
February 24, 2021
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HEARING ON MINOR'S COMPROMISE
* TENTATIVE RULING: *
The petition is denied without prejudice. The court is uncomfortable having one parent have control over a California UTMA account given that withdrawals can be made at the parent’s discretion. The papers should be resubmitted with a guardian for the minor (which can be one of the parents) and then the money deposited in an insured account subject to withdrawal only on authorization of the court.