Michelle Connolly applied to be appointed guardian of property for her adult son, Michael Taylor Connolly ("Taylor"), who was injured in a pedestrian vehicle accident in 2003 and is incapable of managing his property.
The court had previously found Taylor incapable and Michelle suitable, but required further evidence on the management plan for his significant settlement assets.
After hearing expert evidence from BMO Nesbitt Burns, the court approved Michelle's management plan, which involved investing the net settlement funds in a conservatively managed portfolio rather than a structured settlement, citing flexibility and protection against inflation as key benefits for Taylor's long-term needs.
The court also dispensed with the requirement for a security bond at this stage.
