Rights of minor; effect on testamentary capacity

Obligations of conservator; liability of conservator. Power of conservator; cooperation with guardian of minor. Rights of conservator to property; disclosure of conflicts of interest. Oath of conservator. Article 3 Property Obligations of Conservator 29-3-30. plan for managing, expending, and distributing minor’s property. Retention of property or securities; exchange or conversion of assets. Investment of funds. Investment in securities; open-end or closed-end management type investments; conflicts of interest. Investment decisions must coincide with those of a prudent person; acquiring and retention of assets. Sale of perishable property of minor; sale of stock; disposition of other property; appointment of guardian ad litem; full return to court required; authority of temporary substitute conservator. Estate plan for minor; appointment of guardian ad litem; considerations prior to property transfer. 29-3-42. 29-3-43. 29-3-44. 29-3-45. 29-3-46. 29-3-47. 29-3-48. Inventory of minor’s property; 483 Bond required; exception; recording of bonds. Requirements of bond; term and value of bond; substantial compliance sufficient. Reduction of bond. Requirement of additional bond; notice in event of sureties deficiencies; revocation of letters of conservatorship. Payment of bond premium. Responsibility of surety in event appointment of conservator void. Joint and several obligation. Levy upon property authorized; writ of execution authorized. Levy upon surety then conservator. T.29, C.3 Sec. 29-3-49. Sec.