What are the different types of guardianship?
In Alaska, there are several different types of guardianship that can be established. These types of guardianship are classified as either a guardianship of the person or a guardianship of the estate. Guardianship of the person appoints a guardian to make decisions and oversee the well-being of a minor or incapacitated adult. In this type of guardianship, the guardian is responsible for making decisions related to the physical, mental, and emotional health of the person under guardianship. Guardianship of the estate is also known as conservatorship. This type of guardianship appoints a guardian to be responsible for the financial matters of a minor or incapacitated adult. It includes collecting and managing any property or money owned by the individual and making decisions about their financial affairs. A third type of guardianship is guardianship of a minor’s property, which is a limited form of guardianship. This type of guardianship is set up when a minor owns real estate, stocks, or bonds. A guardian is assigned to manage the minor’s property until they turn 18. Guardianship is a serious responsibility that is taken on by family members, court-appointed guardians, or private guardians. Before guardianship is established, there are several factors that should be discussed with a legal professional.
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