These amendments to Section 3901 and the revised rules reduce the need for court-appointed guardians of a minor’s property. The revised rule establishes a monetary threshold below which a guardian need not be appointed ($25,000, inclusive of costs and attorneys’ fees).
In addition, the revised rule explains the notice and consent provisions required for such petitions, and lists the necessary exhibits that must accompany the same.
The revisions to Rule 180 went effective September 19, 2014.
Carl D. Neff is a lawyer with the law firm of Fox Rothschild LLP. Carl is admitted in the State of Delaware and regularly practices before the Delaware Court of Chancery, with an emphasis on shareholder disputes. You can reach Carl at (302) 622-4272 or at email@example.com.