Guardian ad litem is a Latin phrase meaning “guardian for the lawsuit.” This Latin term is used to refer to a person appointed by the court to represent the legal interests of a person who is unable to do so themselves, usually a minor or someone with limited legal capacity. In some situations, the guardian ad litem will be appointed to help protect an elderly person’s interests in a lawsuit or in a business transaction.
The guardian ad litem serves as a protector of the interests of the minor or incapacitated person, often in the same manner a parent would serve as a guardian for a minor. The guardian ad litem may conduct research to determine which course of action is in the best interest of the person being represented, as well as negotiate with any other parties involved in the transaction. The guardian ad litem can also review and verify that any contracts or agreements are in the best interests of the minor or incapacitated person.
In the business and legal world, guardian ad litem can play an important role in any transaction involving a minor or an incapacitated person, including business transactions such as the purchase and sale of assets or investments, wills and trusts, or any other situation where a third party needs to be involved to ensure that the individual’s interests are being protected.
It is important for businesses to understand the role of a guardian ad litem in any situation where there is a minor or a legally incapacitated person involved. In these cases, businesses should not act without first consulting the guardian ad litem who has been appointed to ensure that the interests of the protected party are represented and protected according to the law.
If you have any questions about how guardian ad litem can or should be used in business or legal transactions involving minors or incapacitated persons, it is important to speak with an experienced business attorney who can provide more information and offer guidance.