What is a Guardian of Estate?
A Guardian of the Estate is appointed by the Court and is responsible for financial management of the ward’s assets and bill paying. The Court will require an annual accounting of the ward’s assets.
Who needs a Guardian of Estate?
A Guardian of the Estate might be needed where there is no previously executed Durable Power of Attorney for Financial affairs or if an individual is mentally incapable of taking care of bill paying, investments and money matters.
What is a Guardian of Person?
A Guardian of the Person is appointed by the Court and has responsibility for overseeing the care and living situation of the ward, as well as medical decision-making. The guardian’s role is to assist the ward in making decisions about the support services the ward will receive, where the ward will reside, and medical treatment for the ward. If the ward is unable to make decisions, even with assistance, the guardian of the person has the authority to make decisions for the ward.