When disputes over trusts arise, they can leave those involved with a mix of stressful emotions and decisions to make. Family dynamics can also be difficult to manage, and with the combination of emotions, as well as money and estate protection, it’s important to have solid legal advice when navigating such disputes. It’s often easy … Continued
Experienced Toronto Estate Lawyers Able to Act as Guardians for Property
Guardians for property or personal care are appointed in circumstances where a person is no longer capable of making decisions regarding their finances or personal care. The intention of the guardianship process is to ensure that the interests of persons deemed incapable are protected. Often, a guardian for property is a friend, family, or loved one. In limited circumstances, however, estate lawyers can be retained to function as guardians for property. This generally happens when there is no other suitable guardian.
The estate lawyers at Eisen Law have the necessary experience and knowledge to function as guardians for property if needed. We are a boutique firm with many years of collective experience advising guardians as to their duties and responsibilities, have a comprehensive understanding of the applicable laws and regulations, and can proactively manage and mitigate any risks.
The Purpose of a Guardian for Property
Guardians for property play a significant and serious role in the life of a person no longer capable of decision-making. They essentially step into that persons’ shoes to make financial, real estate, and other important decisions on their behalf. Guardians have the power to affect the most important aspects of the incapable person’s life and must carry out their duties and responsibilities with the highest standard of honesty and trust and always act in the best interests of the incapable person.
Importantly, the guardian is not personally responsible or liable for the incapable person’s financial obligation (whether bill paying, or similar). In addition, the guardian for property does not assume ownership of the incapable person’s assets – ownership remains in that person’s name.
Contact the Toronto estate lawyers at Eisen Law if a Guardian for Property is Needed
At Eisen Law, our knowledgeable and experienced lawyers can help you ensure that the interests of your loved one are taken care of. We offer free initial consultations and will do our best to ensure you can easily access the legal advice that you need. Call us at 416-591-9997 or contact us online if you need assistance in this specific area of estate litigation.
Estates & Trusts
Advocating for Both Estate Trustees and Beneficiaries in Estates
Providing the Management of Care for Those Who Can’t Care for Themselves
Powers of Attorney
Ensuring Proper Care and Governance for Your Loved Ones
Navigating you through all your options, legal rights and obligations
Probate & Estate Administration
Assisting with carrying out duties for executors
Mediation Can Dramatically Reduce Time, Cost, and Stress
Eisen Law provides the experience, expertise and compassion needed to navigate through a difficult journey.
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Latest news and posts from the Eisen Law blog
Please be advised that in an effort to protect our staff, clients and the general public, our lawyers and staff have begun to work remotely from home, to limit the spread of this virus. We remain operational and we will do our best to ensure that your matter is managed in the best possible manner. … Continued
After 100 years – a century – the buried doctrine of unconscionable procurement has been resurrected. Born in England during the 1800’s, the equitable doctrine was used to challenge and undo inter-vivos or lifetime gifts. Moreover, when significant transfers of wealth were made during one’s lifetime, and the following two requirements were met, the law … Continued