Under Florida law, there are two types of guardianships for minors. The first type of guardian 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, school-related and other 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 other assets valued at greater than $15,000.
When designating Guardians in a Will, the parents of minor children should provide that the same person(s) will be Guardians of both the person and the property of a minor child.