What type of guardian is responsible for overseeing financial matters?

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A guardian of estate is specifically tasked with managing the financial matters and assets of a person who is unable to do so themselves, such as a minor or an individual deemed incompetent. This role requires the guardian to make decisions regarding the individual’s financial resources, including budgeting, investing, and ensuring proper management of funds. The guardian of estate acts in the best interests of the individual, ensuring their financial well-being while complying with legal standards and guidelines governing fiduciary responsibilities.

In contrast, the roles of others, such as a guardian of person, focus on the care and well-being of the individual rather than their financial affairs. A temporary guardian typically has limited authority for a short period, and a health guardian would focus on healthcare decisions rather than financial management. Thus, the guardian of estate is the appropriate designation for overseeing financial matters.

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