A Guardianship is a relationship established under a Court supervised process, whereby a guardian is appointed to care for a minor child or the child’s estate. Typically, a guardianship is established when one or both birth parents are no longer able to effectively care for their minor children or children’s assets. Under these circumstances, the Court can either order a guardian to assume care and custody for the minor, to manage the minor’s estate until the child is of legal age, or to do both of these things if necessary.
A guardianship for a minor’s estate is particularly necessary in the event a minor child receives or inherits a substantial amount of money or assets. The Court appointed guardian is under a fiduciary duty to manage the minor’s estate, to ensure the child’s money or assets are fully safeguarded and protected. At the Law Office of Christine Padilla, we are available to assist our clients in establishing a guardianship for a minor’s estate, and in providing legal advice concerning the required fiduciary duties bestowed upon a guardian in this type of situation. We welcome you to contact our office in the event you need assistance establishing a guardianship of a minor’s estate or advice concerning the management of the same.
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