In 2003, my wife, our 6-year-old son, and I were involved in a life-threatening automobile accident. I spent 48 days in the hospital with a broken neck. By God’s grace, we all survived—but it easily could have ended differently.
That event changed everything. My wife and I could have both died that day, leaving our four children without parents or a clear plan for their care. It was a sobering wake-up call to the importance of guardianship.
What Is Guardianship?
Guardianship is a legal arrangement in which a court appoints an individual (a guardian) to make decisions on behalf of another person (the protected person) who is unable to care for themselves. This applies to both children and incapacitated adults.
Learn more at:
Why Might Guardianship Be Necessary?
For Children:
If both parents are deceased or otherwise unable to care for a child, guardianship may be required.
If a child inherits assets—such as life insurance benefits, real estate, or a savings account—a guardian of the estate may be appointed to manage those assets responsibly until the child reaches adulthood.
For Adults:
An adult might need a guardian if they are incapacitated due to illness, injury, mental deficiency, or cognitive decline.
In such cases, the guardian ensures that essential decisions regarding healthcare, living arrangements, and financial matters are handled appropriately.¹
Types of Guardianship
1. Guardianship of the Person
The guardian is responsible for the personal care and well-being of the protected person. This includes:
Medical decisions
Housing and care arrangements
Daily welfare and safety
2. Guardianship of the Estate
The guardian manages financial affairs, including:
Banking and budgeting
Paying bills
Handling investments or other income sources¹
How Long Does Guardianship Last?
Once granted, a guardianship typically remains in place until:
The protected person passes away²
A minor reaches the age of majority (usually 18)
The court determines that guardianship is no longer necessary
For more on legal requirements and timelines, see:
Final Thoughts
That near-fatal car accident helped me realize something I’d overlooked: planning isn’t just about money—it’s about people. Guardianship ensures that if the unthinkable happens, someone you trust will step in and protect the ones you love.
If you have children or care for a vulnerable adult, don’t wait. Speak with a financial advisor or legal professional to establish a clear guardianship plan.
It could make all the difference.
