Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

• Property Guardianship: There are many drawbacks to leaving property to your children to be supervised by a property guardian. There are several reasons why:

  1. The property must go through your will, meaning that it has to go through probate.
  2. Property guardians are subject to court review, reporting requirements and rules on how they can use the funds. This usually requires hiring an attorney and paying fees to the court.
  3. You can't specify when the guardianship ends. The guardianship must end at age 18.