Order Appointing Legal Guardian For The Limited Purpose Of Receiving Funds {PG-665}

Page 1 of 3 AS 13.26.147(b) and 13.26.401 -.440 PG-665 (6/18)(cs) AS 13.46.010 -.990 ORDER APPOINTING LIMITED LEGAL GUARDIAN UNDER AS 13.26.440 IN THE SUPERIOR COURT FOR THE STATE OF ALASKA AT In the Matter of the Protective Proceeding of ) ) ) CASE NO. , ) Minor ) ORDER APPOINTING LEGAL GUARDIAN DOB: ) PURSUANT TO AS 13.26.440 FOR THE ) LIMITED PURPOSE OF RECEIVING FUNDS ON BEHALFOF A MINOR A hearing in this matter was held on before Judge/Master Present were: Minor was not present for the reason stated on the record. Petitioner Parent Others: FINDINGS The court finds that: 1. Jurisdiction and Venue. The court has jurisdiction over this matter and venue is proper Notice of the Hearing. The notice requirements of AS 13.26.420 have been satisfied. 3. The minor named above owns money that requires management and protection, specifically, the following life insurance proceeds: Name of Insurance Company: Address of Insurance Company: Policy No. Amount Owed to Minor: The minor named above owns money that requires management and protection, specifically, the following: 4. , is qualified to be appointed legal guardian of the minor named above for the limited purpose of receiving the funds specified above and managing and protecting those funds for the benefit of the minor. 5. Other Findings: . American LegalNet, Inc. www.FormsWorkFlow.com Page 2 of 3 AS 13.26.147(b) and 13.26.401 -.440 PG-665 (6/18)(cs) AS 13.46.010 -.990 ORDER APPOINTING LIMITED LEGAL GUARDIAN UNDER AS 13.26.440 ORDER IT IS ORDERED: 1. is appointed to be the legal guardian of the minor for the limited purpose of receiving the funds described above on behalf of the minor and shall manage and protect those funds for the benefit of the minor as follows: a. Manage the funds as custodian under the Alaska Uniform Transfers to Minors Act (AS 13.46.010 - .999) until the minor reaches age 18. Among other things, the UTMA requires the custodian to: (1) keep these funds separate from custodianfunds at all times, 1 (2) keep records of all transactions concerning these funds, 2 (3) minor, and in dealing with the funds, observe the standard of care that would be observed by a prudent person dealing with property of another, 3 (4) when depositing the funds at financial institutions (banks, stock brokers, as custodian for under the 4 and (5) transfer the funds to the minor when the minor reaches age 18. 5 Tas much of these funds as the custodian considers advisable for the use and benefit of the minor. 6 This custodianship remains subject to the Alaska UTMA statutes if either the minor or the custodian moves out of Alaska. AS 13.46.010(a). The custodian will have the power to appoint a successor custodian by will or by written instrument complying with the requirements of AS 13.46.170(b). b. Deposit the funds in the following trust: c. Deposit or use the funds as follows: 1 AS 13.46.110(d) 2 AS 13.46.110(e) 3 AS 13.46.110 4 AS 13.46.080(a)(2) 5 AS 13.46.190(2) 6 AS 13.46.130(a) American LegalNet, Inc. www.FormsWorkFlow.com Page 3 of 3 AS 13.26.147(b) and 13.26.401 -.440 PG-665 (6/18)(cs) AS 13.46.010 -.990 ORDER APPOINTING LIMITED LEGAL GUARDIAN UNDER AS 13.26.440 2. Additional Orders. Within 30 days, guardian must file with the court proof of deposit in court-approved account: 3. Persons Who Must Be Served With Documents. The following persons must be served with all documents as ordered by the court: Petitioner Minor M (unless parental rights have been terminated) Others: Name Mailing Address Daytime Phone Recommended for Approval on By Standing Master Superior Court Judge Date I certify that on , a copy of this order was sent to: petitioner minor Clerk: American LegalNet, Inc. www.FormsWorkFlow.com