What is a guardianship of the property?

A guardianship of the property is a legal arrangement where a person is appointed by the court to manage the legal and financial affairs of an individual who is not able to do so themselves. In California, when an individual is a minor, elderly, disabled, or otherwise incompetent, they may be appointed a guardian of the property by the court. The guardian of the property is legally responsible for managing the individual’s finances, such as collecting and conserving their property, managing investments, and making sure bills are paid. The guardian is also responsible for accounting for all of the individual’s financial transactions to the court. It is the guardian’s duty to act solely in the best interest of the individual and to maintain the individual’s basic standards of living. It is important to note that a guardianship of the property is different from a guardianship of the person. In a guardianship of the property, the guardian is responsible for managing the financial affairs, while in a guardianship of the person, the guardian is responsible for making decisions about the individual’s health, education, and other lifestyle decisions.

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What is a guardianship of the property?

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