property guardian

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An individual, appointed by a court, who controls all of the ward's property and assets, unless specifically limited by the court to control only certain property or assets. The property guardian has a duty to protect all property belonging to the ward, collect income, pay bills, enforce contracts, bring and defend suits, and manage all other matters related to the ward’s property or assets. Property guardians are also referred to as the “Guardian of the Estate.” 

In contrast, the Guardian of the Person has the authority to make personal decisions for the ward, such as decisions regarding living arrangements and medial treatment. The guardian of the person and the guardian of the estate may be the same individual or different individuals. 

[Last updated in July of 2020 by the Wex Definitions Team]