What is a guardianship of the estate?

A guardianship of the estate is a legal process assigned by a court that gives an individual, known as the guardian, the power to manage the financial affairs of one or more people who are incapable of managing them on their own. This type of guardianship is commonly used to protect the interests of minors, adults with severe physical or mental disabilities, and adults who are elderly and vulnerable to being taken advantage of financially. In California, the court reviews and considers the circumstances before appointing a guardian of the estate. They may appoint a guardian to oversee the affected individual’s finances or a conservator to manage the finances of someone who is unable to do so themselves. The guardian is responsible for the management of the individual’s finances, investments, and any other legal and financial matters regarding the estate. They are also responsible for filing tax returns and managing the estate’s assets. The guardian’s role can only be terminated by the court. The court also oversees the guardian’s performance to ensure the individual’s estate is managed responsibly and carefully.

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What is a guardianship of the estate?

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