Frequently Asked Questions (FAQs)

Conservatorships and Guardianships

When is the appointment of a guardian of the estate necessary?

A guardianship of the estate may become necessary when the minor receives a large gift or becomes entitled to inherit a substantial amount of money. In such cases, the guardians of the estate are often the minor’s parents. Fortunately, there are often alternative ways to allow the parents to hold and receive the money for the minor without the need to be appointed guardians of the estate (see answers to FAQ regarding alternatives to conservatorships and guardianships). 

“I was never ruined but twice: once when I lost a lawsuit and once when I won one.”

- Author: Voltaire