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Children: A Guardian For Your Children

What Does A Guardian Do?

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Typically, a guardian takes care of a child's personal needs, including shelter, education and medical care. This type of guardian is called a personal guardian.

A guardian may also manage a child's finances, though sometimes a second person is appointed for this purpose. A person who is only in charge of a child's finances is called a "conservator" or "guardian of the estate."

A guardian who takes care of both personal and financial matters is called a "plenary" guardian. In general, however, when the term "guardian" is used, it applies to both personal and financial matters unless otherwise specified.

For a discussion about when it may be desirable to have a separate entity manage your child's assets, see How To Choose A Guardian For Your Children.

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