A conservatorship can be an expensive way to manage a child’s inheritance. Especially if there is no need for a guardianship, alternatives should be considered. For example, if a grandparent has left money to a child under 18, legally the belongs to the child, but the child cannot manage the money. Likewise, the parents cannot simply take the money to manage for their child. Transfers can be made to a child under the Transfer to Minors Act. This law allows money for the child to be placed into a restricted account. The parent is able to manage the money in the account, so long as the parent acts in the best interest of the child. Once the child turns 18, the money will go directly to the child.