# Estates and Trusts (GET)

## Title 13. Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults

### Subtitle 2

#### Section 13-209.1

(a)

  (1) Subject to paragraph (2) of this subsection, a guardian of the property of a minor or disabled person may petition the court to deposit cash belonging to the minor or disabled person in an amount not exceeding $200,000 into a single restricted account.

  (2)

    (i) If the amount of cash belonging to a minor or disabled person exceeds $200,000, any excess amount shall be deposited into additional restricted accounts.

    (ii) The amount deposited in an additional restricted account under subparagraph (i) of this paragraph may not exceed $200,000.

    (iii) The aggregate amount deposited in any financial institution may not exceed $200,000.

(b) A deposit under subsection (a) of this section may be made into any type of account, including a certificate of deposit, in a financial institution that:

  (1) Accepts deposits; and

  (2)

    (i) Is federally insured; or

    (ii) Is regulated by the Commissioner of Financial Regulation.

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Md. Code Ann., Est. & Trusts (as displayed at mgaleg.maryland.gov, October 16, 2026)