The management of a child's property by parents involves a part of the rights and duties that fall within the scope of parental care. Parents have the right, but also the duty, to manage the property with the care of a responsible parent, primarily aiming to preserve the child's property and, if possible, to increase it. The family law establishes limitations on parental management and prescribes several conditions for disposing of property of greater value belonging to the child. In matters concerning the child's property, such as entering into a legal transaction, parents are obliged to represent the child consensually towards third parties in legal transactions. When representing the child in relation to property or property rights of greater value, it is necessary to obtain court approval the written explicit consent of the other parent.. As an additional protection of the child's property and property interests, measures are prescribed that can be imposed on parents who do not fulfill their duties and responsibilities in an appropriate manner.