A guardianship is a vital legal instrument that enables one individual or entity permission for making decisions for another \u2014 their ward. Courts are delegated with determining guardianships, and they usually appoint guardians in instances of an individual\u2019s incapacity or ailment.<\/p>\n
For instance, maybe a person is put into a coma because of a car accident. Unless they have a durable POA and medical directives previously in place prior to the accident, the court is going to designate a guardian for making both financial and other decisions for the comatose person.<\/p>\n
This is important since investments, real estate, and others might lose their value over time when left neglected. Bills also need to be paid \u2014 a guardian should make sure that too many liabilities do not accumulate throughout the period of incapacitation.<\/p>\n