The Court has amended Rule 180 of the Court of Chancery Rules, in conjunction with the recent amendment to 12 Del. C. § 3901, and the recent revisions to Rule 133 of the Superior Court Rules.

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.

If you would like to speak to a litigator in Fox Rothschild’s Delaware office, please reach out to Sid Liebesman (302) 622-4237 or Seth Niederman (302) 622-4238.