STANDARDS FOR FINANCIAL DECISION-MAKING: LEGAL, ETHICAL, AND PRACTICAL ISSUES

Abstract

This Article reviews the standards for guardians of the estate when making financial decisions. Guardianship is a particularly statutory mechanism, and there are differences among the states as to the statutes. Thus, in discussing the standards for guardians in making financial decisions, this article will focus generally on the National Guardianship Association (NGA) Standards, with some state statutes or cases provided as illustrations.