Sign In
Events
Newsletters
Search

Close

Close Search

Cancel

SEARCH
MY LAW.COMNEW

Matter of R.J.F.

Guardian Permitted to Deposit Rental Income Into Her Account, Deposit Infant's Share Later

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DECISION AND ORDER

*1 The petitioner, the mother and guardian of the property of the infant, submits this application, as amended, for leave i) to deposit the infant’s pro rata share of the annual rental income derived from a cooperative apartment (the co-op), less the infant’s pro rata share of maintenance therefor and ii) to withdraw a lump sum of $7,500.00 from the infant’s guardianship account. The value of the infant’s property is currently $39,468.29, and the petitioner asserts that the funds sought to be withdrawn are intended as reimbursement for legal fees she has incurred in connection with determining ownership of the co-op and preparation of her account as guardian.The infant’s father died on November 15, 2012, intestate and survived by two minor children, the infant and his sister, as his sole distributees. The decedent and the petitioner owned the co-op shares as tenants in common; thus, the infant and his sister each hold a one-quarter ownership interest in the co-op.The petitioner asserts that the coop was rented from July 15, 2015, to August 1, 2016, at the rate of $2,400.00 per month. On August 1, 2016, the lease was renewed for one year at the rate of $2,435.00 per month. The petitioner asserts that she has deposited the rental income, including the infant’s share thereof, into her personal account. She also asserts that she has paid all monthly maintenance, in the amount of $612.00 per month, from her personal funds.The infant’s share of the rental income for the period from July 15, 2015, to July 31, 2016, is $7,200.00, and for the period from August 1, 2016, through June 13, 2017 (the end of the petitioner’s accounting period) is $7,291.88, for a total of $14,491.88. The infant’s share of the monthly maintenance charges paid for those periods totals $3,672.00. The petitioner initially

Trending Stories

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

LEARN MORE

More From ALM

Premium Subscription
With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Team Accounts
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Bundle Subscriptions
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
Go to CLE Center
New York Legal Awards 2024
September 05, 2024
New York, NY

The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.


Learn More
Elite Trial Lawyers 2024
July 11, 2024
New York, NY

The National Law Journal Elite Trial Lawyers recognizes U.S.-based law firms performing exemplary work on behalf of plaintiffs.


Learn More
GlobeSt. Women of Influence (WOI) 2024
July 22, 2024 - July 24, 2024
Lake Tahoe, CA

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.


Learn More
Go to Events Go to Webcasts
Litigation Associate

Skolnick Legal Group, P.C., a construction and commercial litigation firm with offices in New Jersey and New York is seeking a Litigation As...


Apply Now ›
Insurance Coverage Litigation Attorney - New York

Cullen and Dykman is seeking an associate attorney with a minimum of 5+ years in insurance coverage experience as well as risk transfer and ...


Apply Now ›
INSURANCE COVERAGE ASSOCIATE

McCarter & English, LLP is actively seeking a midlevel insurance coverage associate for its Newark, NJ and/or Philadelphia, PA offices. ...


Apply Now ›
Go to Lawjobs
Lawyers of Distinction
06/27/2024
The American Lawyer

Professional Announcement


View Announcement ›
SMGQ Law
06/21/2024
Daily Business Review

Full Page Announcement


View Announcement ›
Blume Forte Fried Zerres & Molinari
06/14/2024
New Jersey Law Journal

Professional Announcement


View Announcement ›
Go to Professional Announcements