What is a Management Plan?

As part of a guardianship application, a person seeking to become guardian of property has to put forth a plan. Our legal system requires a certain level of due diligence and planning to ensure the guardian will manage someone else's property responsibly and can be held accountable. The main tool involved with said planning and accountability is the "Management Plan."

A Management Plan involves setting out the incapable person's assets, liabilities, expenses and income. It requires the applicant to put forth a plan and the rationale for that plan. The Office of the Public Guardian and Trustee reviews it carefully before guardianship can be granted.

If you are considering guardianship, we would be happy to help you! Just reach out to admin@lisafeldstein.ca.

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