A Guardianship is a fiduciary relationship by which one person, the guardian, acts for another, the ward, who is regarded as being incapable of managing his or her own affairs. Statutes in every state provide for the appointment of a guardian of a person and the estate of a minor. These statutes also provide for the appointment of a guardian for someone who has been declared by a court to be non compos mentis, i.e., not of sound mind, memory, or understanding. Many states have statutes that provide for the appointment of a conservator for a person, who, because of physical or mental infirmity or age, is unable to handle his/her affairs, but who has not been declared non compos mentis.

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