Financial Guardian

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A financial guardian, also referred to as a guardian of the estate, is a person who is lawfully entrusted with the responsibility of taking care of the property of someone who is unable to do so because of infancy, incapacity, or disability. The guardian has the duty to take reasonable care of the property and use it in the most beneficial manner. 

A financial guardian, or guardian of the estate, differs from a guardian of the person because while the guardian of the estate has the duty to take care of the person’s property, a guardian of the person has the duty to take care of the actual person. 

[Last updated in July of 2021 by the Wex Definitions Team]