A guardianship is when a person appointed by the court manages the property, finances and personal affairs of a minor or incapacitated person known as the ward. Guardian refers to the specific person appointed by the court to look after the affairs of another person. Guardians have specific duties and obligations that they must follow such as acting in the best interest of the ward and not to engage in profiting from their role as guardian.
Guardian of the Estate
A “guardian of the estate” is responsible for managing the ward’s property, financial affairs and appropriate transfers of assets and property. The guardian has a duty to act in the best interest of the ward.
Guardian of the Person
A “guardian of the person” is appointed to make decisions regarding the health and physical well being of the ward. The guardian must act in the best interest of the ward at all times.
Interim Guardian
An “interim guardian” is a person who is appointed temporarily if a guardian can no longer carry out his or her duties, is removed or resigns. An interim guardian is generally appointed out of necessity for the welfare of the ward.
Emergency Guardian
An “emergency guardian” is a person appointed by the court without a formal hearing out of necessity and to protect the ward. The emergency guardian may be necessary to prevent the ward’s health or estate.
Choosing a guardian is an effective way to plan for your future or the future of your children. If you trust someone to make decisions in your interest, you may want to start planning today. Guardianships are technical and involve a lot of work by lawyers, so it is important to consult with an attorney to make sure your wishes will be effectuated properly.
Who Can Help?
At NNK Legal Group PLLC, we work hard to get you and your family the results you desire. We are committed to resolving your family law needs with honesty and integrity. Contact NNK at 972-939-4878 for a free initial consultation.
