In re the Estate of Weinstein

OPINION OF THE COURT

Millard L. Midonick, J.

A guardian of the property of an infant has requested permission of this court to withdraw the infant’s funds from a six-year time certificate and to purchase two six-month certificates of $10,000 each. Admittedly, the withdrawal will result in a penalty charge. The guardian, however argues that the transfer “will ultimately be of great benefit to [the infant] as the annual interest earned will be approximately twice that which it is currently earning.” The following discussion does not take into account the drastic downward changes for the interest…