A guardian shall exercise the care and skill of a person of ordinary prudence dealing with the person’s own property in the administration of the estate and the exercise of the guardian’s powers.
Structure Maryland Statutes
Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults
Subtitle 2 - Protection of Property
Section 13-201 - Appointment of Guardian
Section 13-203 - Preservation and Application of Property
Section 13-204 - Authorization of Specific Transaction Without Appointment of Guardian
Section 13-205 - Effect of Adjudication
Section 13-206 - Guardian Generally
Section 13-207 - Persons Entitled to Appointment as Guardian
Section 13-208 - Bond of Guardian
Section 13-209 - Inventory and Accounting
Section 13-209.1 - Form and Limits of Guardianship Accounts
Section 13-210 - Petition for Orders Granting Relief
Section 13-211 - Procedure in Protective Proceedings
Section 13-212 - Degree of Care and Skill of Guardian
Section 13-214 - Powers and Duties of Guardian in Distribution
Section 13-215 - Limitation of Powers of Guardian Imposed by Will or Court
Section 13-216 - Liability for Breach of Fiduciary Duties; Rights of Purchasers
Section 13-218 - Compensation and Expenses of Guardian
Section 13-219 - Protection of Person Dealing With Guardian
Section 13-220 - Termination of Appointment of Guardian