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My mom passed leaving my 10yo as beneficiary to an IRA, company holding funds wants guardianship letter to release funds. How do I obtain this

1 Answers. Asked on Mar 19th, 2017 on Guardianship and Conservatorship - Pennsylvania
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Answered on Mar 20th, 2017 at 7:46 AM

This is a common mistake to name a minor as a beneficiary of any account.  Unfortunately, you'll need to file a peitition with the local court to have a guardian appointed.  Sadly you won't be able to be the guardian. Law prohibits that.  Someone else will have to be named or at least co-guardian with you.  I can't tell you how to file the petition in this QA forum.  Your best bet is to retain counsel to get this done quickly and correctly. 

I recommend that you seek out a local attorney for a more in depth discussion of the matter. I do not recommend that you take any action steps without such a consult. Act quickly because by waiting, you may lose certain rights and remedies available to you.

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