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LSDefine

Simple English definitions for legal terms

guardian of the estate

Read a random definition: writing obligatory

A quick definition of guardian of the estate:

Guardian of the estate: A guardian who is appointed by the court to manage the money and property of someone who cannot do it themselves. This can be for kids, grown-ups who can't make good choices with their money, or people who spend too much. The guardian has to make sure they use the money in the best way for the person they are taking care of, not for themselves. For kids, the guardian takes care of all the money stuff, like buying things they need and paying for big things. This is different from a guardian of the person who makes choices about things like health and relationships.

A more thorough explanation:

Definition: Guardian of the estate is a type of guardianship where a court appoints a guardian to manage the finances of an individual. This type of guardian can be appointed for children, incapacitated adults, or spendthrifts in some circumstances. Guardians must act in the best interests of their ward and not their own self-interests.

Examples:

  • For adults, a guardian of the estate may be appointed when an individual becomes reckless with their finances. The guardian must balance managing the long-term sustainability of the finances with the wishes of the ward.
  • For children, a guardian of the estate may manage everything from major expenses to day-to-day purchases.

These examples illustrate how a guardian of the estate is responsible for managing the finances of their ward. They must act in the best interests of their ward and make decisions that balance the ward's wishes with the long-term sustainability of their finances. This type of guardianship is different from a guardian of the person, who can make non-financial decisions on behalf of the ward, such as medical and relationship decisions.

guardian ad litem | guardian of the person

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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