Administration of Minors’ Estates
In many respects the guardian of a minor’s estate has powers, duties, and liabilities identical to the personal representative of a decedent’s estate. See PEF Code §§5144 and 5153. The guardian has all rights of possession and maintenance of all of the real and personal assets belonging to the minor (PEF Code §5141), may sell personal property without Court approval (PEF Code §5151), and may lease real or personal property not to extend beyond the date of majority without Court approval (PEF Code §5152). Permission of the Court must be secured to convey or encumber real estate in which the minor has an interest. See PEF Code §5155. The appropriate procedure is detailed in Chapter 9. A guardian must file an inventory with the Clerk of the Orphans’ Court within three months “after real or personal estate of his ward comes into his possession.” See PEF Code §5142.


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