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guardian deed. Court appointed deed given to a guardian in charge of the sale of real estate. A guardian deed is granted when the original owner is incapable of making decisions regarding their personal affairs or property.
The deed grants the holder explicit privileges and rights that may only be exercised under duly expressed conditions. In this respect, a deed's conferment of unique rights or privileges brings with it a unique set of responsibilities. An example would be a deed of ownership to a home. While the freedom inherent in the deed allows the holder to take many actions regarding the home, he is bound by the conditions of home ownership.