Possession of and title to property of ward; guardian to secure certain documents.
1. A guardian of the estate shall take possession of:
(a) All of the property of substantial value of the ward;
(b) Rents, income, issues and profits from the property, whether accruing before or after the appointment of the guardian; and
(c) The proceeds from the sale, mortgage, lease or other disposition of the property.
2. The guardian may permit the ward to have possession and control of the personal property and funds as are appropriate to the needs and capacities of the ward.
3. The title to all property of the ward is in the ward and not in the guardian.
4. A guardian shall secure originals, when available, or copies of any:
(a) Contract executed by the ward;
(b) Power of attorney executed by the ward;
(c) Estate planning document prepared by the ward, including, without limitation, a last will and testament, durable power of attorney and revocable trust of the ward;
(d) Revocable or irrevocable trust in which the ward has a vested interest as a beneficiary; and
(e) Writing evidencing a present or future vested interest in any real or intangible property.
Last modified: February 25, 2006