What is a guardianship of the estate?

A guardianship of the estate is a legal process in Washington where an adult is appointed to manage the financial affairs and assets of a minor. This process is typically initiated by a parent or guardian of the minor, who is usually unable to manage the minor’s financial affairs due to their age or mental capacity. It often applies to minors who may have received a large settlement or inheritance, or those who need help with their finances due to a disability. The appointed guardian of the estate is responsible for managing the funds, investments, and real estate owned by the minor. This entails making decisions around how the assets are managed, monitored, and invested, as well as any accounts or debts the minor may have. The guardian of the estate is also responsible for filing all necessary tax returns on behalf of the minor. The guardian of the estate must usually provide regular reports to the court about the financial condition of the minor, in order to ensure the minor’s interests are protected. This process is overseen by a judge who will make any necessary decisions related to the minor’s finances. In Washington, guardianships of the estate can last until the minor reaches the age of 18, or until the court determines that the minor is competent to manage their own finances.

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What is a guardianship of the estate?

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