A great deal of the time, there is guardianship over the person and their estate, where the guardian exercises complete control over the safety and well-being of both the person and their money. A guardian of the estate will be expected to keep accurate records and explain any money spent from the estate, otherwise known as accounting. A guardian of the estate will monitor and manage the ward’s assets but cannot or should not access or control them. Guardianship of the estate is when you have a custodial position over their finances. A person’s guardian has broad discretionary powers regarding what their ward does. Guardianship over a person means that you have a say in what they do daily, where they live, where they go to school, and how they otherwise spend their time. It is essential to point out that you can have guardianship over a person, their estate, or both. What is the Difference Between Guardianship of a Person, Estate, or of Both Person and Estate? The granting parent can also amend the short-term guardianship, which means the parent can make changes to the short-term guardianship agreement. The parent can communicate the revocation of the short-term guardianship in any manner it does not have to be in writing to be effective. The parents can revoke the guardianship at any time, for any reason, or no reason at all. It is important to note that the Illinois courts will not recognize a short-term guardianship executed by one parent when there is another parent who has not had their parental rights terminated and who is willing to care for the child or children during whatever period of time the other parent will be unable to do so. Their parties do not have to go to court for the guardianship to be effective, but there must be an agreement in writing for the short-term guardianship to be legitimate. There can only be one short-term guardian at a time.
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