Status Review (Guardianship)
202200564808PRGE: In The Matter of Hudson Rayne Smith 08/04/2026 in Department J6 Status Review (Guardianship) to Confirm Receipt of Confidential Guardianship Status Report
Guardianship status report was filed 07/02/26. It is complete. No appearance needed.
The next Guardianship Status Report (GC-251) shall be filed on or before 07/09/27 and set for a hearing on 08/05/27 at 10:30 AM in Department J6.
The court order appointing the guardian of the estate stated the due date of the First Account and Report would be discussed at the hearing on the I&A. The First Account and Report appears not to have been discussed by the Court or scheduled.
The First Account should have been due by 07/08/23 and set for hearing in 2023.
Guardian has attached a Certificate of Deposit Addendum to her Status Report showing that the amount of $86,070.25 is in a CD with a 3.25% APY which matures on 08/10/26.
A guardian may invest in the following without authorization of the court:
(a) Subject to subdivision (b), the guardian or conservator, without authorization of the court, may invest funds of the estate pursuant to this section in: (1) Direct obligations of the United States, or of the State of California, maturing not later than five years from the date of making the investment. (2) United States Treasury bonds redeemable at par value on the death of the holder for payment of federal estate taxes, regardless of maturity date. (3) Securities listed on an established stock or bond exchange in the United States which are purchased on such exchange. (4) Eligible securities for the investment of surplus state moneys as provided for in Section 16430 of the Government Code. (5) An interest in a money market mutual fund registered under the Investment Company Act of 1940 (15 U.S.C. Sec. 80a-1, et seq.) or an investment vehicle authorized for the collective investment of trust funds pursuant to Section 9.18 of Part 9 of Title 12 of the Code of Federal
202200564808PRGE: In The Matter of Hudson Rayne Smith
Regulations, the portfolios of which are limited to United States government obligations maturing not later than five years from the date of investment and to repurchase agreements fully collateralized by United States government obligations. (6) Units of a common trust fund described in Section 1585 of the Financial Code. The common trust fund shall have as its objective investment primarily in short-term fixed income obligations and shall be permitted to value investments at cost pursuant to regulations of the appropriate regulatory authority. (b) In making and retaining investments made under this section, the guardian or conservator shall take into consideration the circumstances of the estate, indicated cash needs, and, if reasonably ascertainable, the date of the prospective termination of the guardianship or conservatorship. (c) This section shall not limit the authority of the guardian or conservator to seek court authorization for any investment, or to make other investments with court authorization, as provided in this division.
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A CD is not allowed without court authorization first.
Allow the CDs with a blocked account. If placed in a blocked account waive past and future accounts.
Discuss.
The clerk shall give notice.
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