Maryland Designation of a Guardian of the Property by a Minor or Disabled Person is a legal document that enables a minor or disabled person to appoint an adult to manage their financial affairs. It is a powerful tool for ensuring that the minor or disabled individual's assets, such as bank accounts, real estate, investments, and other properties, are managed responsibly. The designated guardian is legally responsible for managing the minor or disabled person's property, with the goal of preserving and protecting the minor or disabled person's financial interests. The two types of Maryland Designation of a Guardian of the Property by a Minor or Disabled Person are General Guardianship and Limited Guardianship. General Guardianship grants the guardian full control over the minor or disabled person's financial assets, while Limited Guardianship limits the guardian's powers. The guardian is granted the authority to manage the minor or disabled person's property, including making decisions regarding investments, budgets, and other financial matters. In addition, the guardian may be tasked with filing taxes, handling debt, and other financial obligations on the minor or disabled person's behalf.