Petition To Transfer Funds At Majority (Packet) {CM113}

CM113 - PETITION AND ORDER TO TRANSFER FUNDS AT MAJORITY. These forms are used for filing in the Court of Chancery of the State of Delaware. They outline the procedures and requirements for transferring funds held in a guardianship account to a minor who has reached the age of majority (eighteen years old). The petitioner (guardian) needs to complete the petition, provide supporting documentation such as the minor's birth certificate and bank statements, and pay a filing fee. The petition cannot be filed before the minor's eighteenth birthday. If there is an outstanding promissory note, both the guardian and the minor must appear in person. Once approved, the funds are released to the former minor, and the guardian is discharged from further responsibility. Additionally, there is a form for the release of the guardian(s) to be signed by the former minor upon receipt of the funds. www.FormsWorkflow.com