Slovak Financial Law News 2005

Guardianship and Caretaking

The Act reintroduces guardianship and custody, terms clearly defined in the new legal regulations. The fundamental difference between a guardian and custodian being that a guardian represents a minor in his/her education process and administers his/her property in a manner comparable to the rights and duties of a parent while the nature and scope of rights of the custodian are determined by the purpose for which the custodian has been appointed.