Managing Someone Else’s Money - Help for court-appointed guardians of property and conservators

Why read this guide?

Like many people, you may never have been a guardian of someone else’s property before. That’s why we created Managing someone else’s money: Help for court-appointed guardians of property and conservators. This guide will help you understand what you can and cannot do in your role as a guardian. In that role, you are a fiduciary. For this guide, a fiduciary is anyone named to manage money or property for someone else. You’ll find brief tips to help you avoid problems and resources for finding more information.

This guide is for family and friends serving as a guardian of property, not for professionals or organizations. The guide does not give you legal advice. State laws vary, so you may have additional duties. Talk to a lawyer if you have questions about your duties.