As amended through February 1, 2020
Rule 5.6-1 - Receipt Of Death Benefit/Life Insurance Proceeds Payable To A Minor Without Appointment Of Guardian Of The Estate(a) A petition for authority to receive life insurance and/or death benefit proceeds payable to a minor without the appointment of a guardian of the estate shall include: (1) Petitioner's name , address and relationship to the minor;(2) The minor's date of birth and the name, address and relationship of the person with whom the minor resides;(3) The name[s] of the minor's parent[s] who are not petitioners;(4) A description, including the name of the payor and policy/contract number[s], of the nature and amount of life insurance proceeds/death benefit[s] payable to the minor, including the name, date, place of death and relationship to the minor of the person whose death caused the proceeds to vest in the minor;(5) The name, complete branch address and telephone number of a federally insured bank in which the life insurance proceeds/death benefit[s] will be deposited to a restricted account in the minor's name during minority;(6) Petitioner's agreement to file the requisite proofs of deposit of the minor's life insurance proceeds/death benefit to an interest-bearing bank account in the minor's name alone, access to which is restricted during minority; and(7) Whether any parent of the minor who is not a petitioner is aware of and consents to the petition.(b) The petition shall be in substantial compliance with the form annexed as APPENDIX C, including referenced attachments.Amended effective 9/1/2016.