Business, Legal & Accounting Glossary
A legal relationship created by a court between a guardian and his ward–either a minor child or an incapacitated adult. The guardian has a legal right and duty to care for the ward. This may involve making personal decisions on his or her behalf, managing property or both. Guardianships of incapacitated adults are more typically called conservatorships.
The office or position of one acting as a guardian or conservator, especially in a legal capacity.
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This glossary post was last updated: 22nd April, 2020 | 1 Views.