Are Investment Options Limited for a Conservator or Guardian who Invest Funds for the Benefit of the Minor or Disabled Person Under Tennessee Law?

A fiduciary (normally a conservator or guardian) is limited in what investments can be made with the money that is the property of a minor or disabled person.  Tennessee law requires that all funds held by a fiduciary must be invested within 45 days of receipt of the funds unless otherwise ordered by the court. (See T.C.A. § 34-1-115). 

The type of investments that can be made by the fiduciary are outlined in T.C.A. § 35-3-101 et al.  This set of statutes is too long to repeat here but includes a detailed list of available investments that includes a significant amount of options for the preservation and potential growth of the assets of the minor or disabled person.  These statutes should be reviewed whenever a conservator or guardian is trying to make a decision on what types of investments can be made with the money.