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An individual or trust institution appointed by a court to care for a minor or an incompetent person and his or her property.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


A non-parent who is legally responsible for a minor child or mentally incompetent person. A guardian may be designated by a parent, perhaps in a will, or one may be appointed by a court. More than one guardian may be designated for a single person, each with his/her own areas of responsibility. For example, a child may live with one guardian while another is responsible for administering assets left to the child in his/her parent's estate.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


A guardian is someone you designate to be legally responsible for your minor children or other dependents who are unable to take care of themselves if you are unavailable to provide for their care.

You may name the guardian in your will or while you are still alive. In most cases, a guardian makes both personal and financial decisions for his or her ward.

However, you may name two guardians with different areas of responsibility -- perhaps one for financial matters if you have a substantial estate. If you become disabled or otherwise unable to manage your own affairs, the appropriate court in your state may name a guardian to manage your affairs.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.


A person who operates under court supervision and handles the affairs of a party—the ward—who is incapable of doing so.Wards may be minor children or those adjudged incompetent. Guardians may execute deeds on behalf of their wards. In some states, a guardian may not place a mortgage on property owned by the ward, nor may the guardian buy property subject to a mortgage.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Under the Saudi law, all females must have a male guardian, typically a father, brother, husband or uncle, and all females need the permission of their guardians for marriage, divorce, travel, work, opening a bank account, and elective surgeries.
(NYSE: NRZ) has agreed to acquire 100% of the shares of Pennsylvania, US-based Guardian Asset Management, a provider of field services and property management, serving government agencies, financial institutions and asset management firms, the company said.
RIYADH: Saudi Arabia is poised to abolish the legal requirement for a male guardian to accompany females during scholarship periods abroad, a top diplomat has revealed.
This partnership expands Guardian's Midwest footprint and marks its first venture into Michigan.
Guardian News and Media (GNM), which publishes the Guardian and the Observer, posted a profit of PS0.8m in the year to April, up from a loss of 23m the previous year.
During the leadership conclave, Guardian shared, learned and grew together through the best emergent learnings from thought leaders across the globe.
'This Lorence Anthony Diola Guardian needs to issue a public apology to his other victims too.
I enjoyed the article about livestock guardian dogs in the October/November 2018 issue ("Get Started with a Livestock Guardian Dog").
New York: Fitch Ratings has affirmed the 'AA+' (Very Strong) Insurer Financial Strength (IFS) ratings of the Guardian Life Insurance Company of America (Guardian) and its wholly owned subsidiaries, Guardian Insurance & Annuity Company, Inc.
The author recently received a query from Dr N F Moran, Clinical Department: Obstetrics and Gynaecology, KwaZulu-Natal Department of Health, Durban, South Africa, regarding whether a parent or guardian can override an otherwise legally competent child's consent to a surgical operation, which can be answered by considering the following:
Where a mother sought to remove her son's guardian based on improvements made to her lifestyle in the time since the guardian was appointed, once the mother produced credible evidence of changed circumstances the guardian bore the burden of proving that the mother remained unfit and that continuing the guardianship would be in the best interests of the child.