Guardians are a type of fiduciary appointed for a minor child or individual determined incapacitated by the courts. When appointed by a Last Will and Testament (“Will”), they are commonly known as testamentary guardians. Testamentary guardians generally have authority over the “person” and “property” of a minor. In other words, they can take custody of the minor child and manage their personal estate, any income, or profits related to both real and personal property (but not any assets held in…By: Lippes Mathias LLP
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