Guardians and Conservators for a Child's Settlement in South Dakota

By the FigureMyTax Editorial Team · How we calculate

South Dakota's Guardianship and Conservatorship Act lets the court appoint a conservator to manage a minor's estate and financial affairs. We found no South Dakota statute on blocked accounts, structured settlements or a parent's payment limit for a child's injury settlement.

What the Act says

SDCL 29A-5-102 defines a conservator as one appointed by the court to be responsible for managing the estate and financial affairs of a minor or protected person, and a limited conservator as one with only the responsibilities stated in the order. A guardian is responsible for the personal affairs of a minor, and excludes one who is merely a guardian ad litem.

What we did not find

We did not find a statute that tells you where a child's settlement must be deposited, or that regulates structured settlements for minors. We did not read the Act's rules on conservators' powers, bonds and accounts in full. Ask the court what it will require.

Next steps

Read what we found about court approval and what we found about attorney fees, and see what is left in the South Dakota minor's settlement calculator.

This is general information, not legal advice, and the state comparisons above are illustrative, not an exhaustive survey. Confirm how South Dakota's rules apply to your specific case with a licensed South Dakota attorney.