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A guardian is the legal entity appointed by the court to manage property for a minor. A guardian is sometimes referred to as the custodian of a child's estate.

A custodian is also a term used by the Uniform Transfers to Minors Act (UTMA) and Uniform Gifts to Minors Act (UGMA) for the person named to manage property left or given to a child under the terms of either of those Acts. The custodian manages the property until the child reaches the age specified by state law -- 21, in most states. Then the child receives the property outright, and the custodian has no further role in its management. The Acts have been adopted by some states and allows an arrangement by which a donor can designate a custodian for a minor for managing gifts under a certain dollar amount ($13,000).

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13y ago
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1w ago

Yes, a court can appoint a different individual, such as a relative or a trusted adult, as a guardian or conservator over a minor's estate if the legal guardian is unable or unwilling to fulfill their duties. This decision is based on what is in the best interest of the minor.

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Q: Can a different person other than a legal guardian be appointed over a minor's estate?
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Your daughter and son have been left some money in a will by a family friend they are only 16 and 15 years of age who do they have to notify them or the parents and if parents are separated which one?

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