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What is a Guardianship?
A
guardianship is an involuntary trust relationship in which one party,
called a guardian, acts for an individual called the ward. The law
regards the ward as incapable of managing his or her own person and/or
affairs.
What is a Guardian?
A
guardian is any adult person, association, or corporation appointed by
the Probate Court to assume responsibility for the care and management
of the person, the estate, or both, of an incompetent person or minor
child. A corporation can only be guardian of the estate and not of the
person.
Who needs a Guardian?
A guardian may be appointed for either an incompetent or minor, which are defined by statute as:
Incompetent: Any
person who is mentally impaired as a result of a mental or physical
illness or disability, or mental retardation, or as a result of chronic
substance abuse, that he is incapable of taking proper care of himself
or his property or fails to provide for his family or other persons for
whom he is charged by law to provide, or any person confined to a penal
institution within this state.
Minor:
Any person under 18 years of age who has neither father nor mother or
whose parents are unsuitable to have custody and tuition of such minor,
or whose interests, in the opinion of the Court, will be promoted.
Minor Settlement: Natural
parents do not have an inherent right to settle personal injury claims
on behalf of a minor child. The Probate Court must authorize approval
of such settlements. If the settlement exceeds $10,000, the Court will
require the appointment of a guardian of an estate.
Who Chooses the Guardian?
The
Court appoints the guardian. However, a minor over 14, or the parents
by will, may suggest a guardian for a minor. In addition, an adult,
while competent, may nominate a guardian to serve in the event of
incapacity.
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