Ward / guardian - example

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Consider the following common example involving an elderly parent and her adult child:  Due to advanced age, the parent has difficulty with common tasks, and has lost thousands of dollars of savings to con artists.  Nevertheless, the parent refuses to admit that she needs help.  The child petitions a court to declare the parent incompetent, and appoint the child as the parent's guardian.  If the court agrees, the parent becomes the child's ward.