Guardianship of Minor: When does a Minor need a Guardianship?
When is a Guardianship of Minor needed in Jacksonville, Florida? Under Florida Law, there are two types of guardianships of minors. The first type of Guardianship of a Minor is called a Guardianship of the Person. Guardianship of the person is when someone other than a minor’s parents is given authority to make health care, residence, and school-related decisions for the minor. The second type of Guardianship of a minor is a Guardianship of Property. A Guardian of a minor’s property is necessary to deal with financial or assets more substantial than $15,000.
Here is an example of when a Guardianship will be required for a minor child: A minor loses his first a parent at a very young age to cancer. Five years later, the minor loses his second parent in a car accident. At the time of the second parent’s death, there was a life insurance policy for $100,000.00 that named the minor as the beneficiary. The second parent had designated the grandparents as guardians in a valid will.