In re Bryant

OPINION OF THE COURT

Eugene E. Peckham, S.

This is a petition by Donna E. Allen, as guardian of her son, Derek W. Bryant, to invest $25,000 of the ward’s funds pursuant to an investment advisory agreement, which is now permitted by SCPA 1708 (2) (c), subject to the Court’s approval. (L 2000, ch 43, § 1.) The proposed agreement is with Manufacturers & Traders Trust Co. (hereinafter M&T Bank or M&T). Derek was born on September 3, 1986 and thus will be 15 in a few months.

The agreement is a printed form supplied by M&T and basically provides that the guardian delegates to M&T the investment…