Petition To Appoint Successor Custodian {CM115}

Form CM115 - PETITION TO APPOINT SUCCESSOR CUSTODIAN PURSUANT TO 12 DEL. C. § 4518. This form is used in the Delaware Court of Chancery when a petitioner seeks to be appointed as the successor custodian of a minor’s custodial account under 12 Del. C. § 4518, typically after the death or inability of the original custodian to continue serving. The process ensures that the minor’s assets are properly managed until the child reaches adulthood. To file the petition, the petitioner must provide detailed documentation, including the petition itself, the minor’s birth certificate, the death certificate of the prior custodian, an affidavit of the proposed guardian’s history, and a personal information sheet. The petitioner must also notify all interested family members—such as parents, grandparents, siblings, aunts, and uncles—either by obtaining notarized consent or by sending certified mail notices. If the minor is at least fourteen years old, their notarized consent is also required. Proof of the custodial account balance, a certification of the opening of a new account in the minor’s name, and payment of required filing and scanning fees must be submitted. These requirements ensure the Court has all necessary information to evaluate the petitioner’s qualifications and to protect the minor’s financial interests while providing transparency and notice to family members who may have a stake in the matter. www.FormsWorkflow.com