What is the primary responsibility of a guardian of the estate?

The primary responsibility of a guardian of the estate involves managing property and financial matters on behalf of an individual who is unable to do so due to incapacity, such as minors or individuals with disabilities. This role includes ensuring the financial security of the ward by overseeing their assets, paying bills, managing investments, and making informed financial decisions that align with the best interests of the individual under guardianship.

Being a guardian of the estate is crucial as it ensures that the ward’s financial resources are appropriately handled to maintain their standard of living and fulfill any obligations they may have. This role may also involve tasks such as filing taxes and making decisions regarding real estate or other property matters, all aimed at preserving and managing the ward’s estate responsibly. Through this administration of financial duties, the guardian plays a key role in safeguarding the ward's economic welfare.