Site: nolo.com
... financial assets, the child’s parent may obtain a guardianship over the child or the child’s estate ... Guardians over a child’s estate manage a child’s finances and are responsible for safeguarding ... In rare cases, parents may need to set up a guardianship over their children’s estates. ... recognized the inconvenience associated with setting up guardianships over a child’s financial estate ... In those states, a child’s parents won’t need to obtain a guardianship of the estate unless ...