Definition

A legal arrangement in which someone is appointed to care for a minor or an incapacitated person, managing their personal and financial affairs.

What to consider

  • Know the legal responsibilities if you’re appointed as a guardian.
  • Consider how this role will impact your decision-making.
  • Consult with legal experts to understand all implications.

Real world scenarios

  • After her parents became incapacitated, Ethan was granted guardianship to manage their personal and financial affairs, ensuring they received proper care.

Related terms

Legal & Estate Planning