Thompson Mungo Firm
Minor’s Conservatorship: Not Your Personal Bank
When a minor receives inheritance funds, insurance proceeds, or settlement money in Georgia, the Probate Court may require a conservatorship to protect those assets until the child reaches adulthood. A conservator serves as a fiduciary responsible for managing the minor’s property carefully, filing inventories and annual reports, and using funds only for the minor’s benefit under court supervision. See O.C.G.A. § 29-3-21 and related guardianship and conservatorship provisions in Title 29 of the Georgia Code for the legal framework governing these responsibilities.