What is a guardianship of the estate?

A guardianship of the estate is a type of legal arrangement that is created in New Jersey when a person is unable to manage their own financial affairs. This arrangement is put in place to ensure that the person’s financial needs are met and their assets are properly managed. The court appoints a guardian of the estate to look after the financial interests of the person in need. This guardian is responsible for managing the finances of the person, including investing and disbursing money from their estate, paying bills, filing taxes, and ensuring their financial well-being. The guardian must also regularly submit financial reports to the court and account for all funds received and expended. The guardian is subject to court supervision and must act in the best interest of the person in need of guardianship. Guardianship of the estate is a critical legal arrangement for providing financial protection for individuals who are unable to care for themselves.

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What is a guardianship of the estate?

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