Guardian

A guardian is an individual or entity appointed to make personal and/or financial decisions on behalf of a minor child or incapacitated adult who cannot make such decisions themselves. The person under guardianship is referred to as the ward. Designating a guardian for minor children is a key component of estate planning, and ensures that someone is legally authorized to make decisions on the child’s behalf in the event of the parent’s death or incapacitation. 

Types of guardians

Guardian of the person

This type of guardian is responsible for making decisions regarding the ward’s personal care and well-being, such as housing, education, healthcare, and day-to-day needs. 

Guardian of the estate

A guardian of the estate is responsible for managing the ward’s financial affairs, including paying bills, managing assets, and making financial decisions on the ward’s behalf.