Maryland Code, Estates and Trusts § 13-206

(c)(1)(i) The appointment and qualification of a guardian vests in the guardian title to all property of the minor or protected person that is held at the time of appointment or acquired later.

(ii) The appointment is not a transfer or alienation within the meaning of any federal or State statute or regulation, insurance policy, pension plan, contract, will, or trust instrument that imposes restrictions on or penalties for transfer or alienation by the minor or disabled person of the minor or disabled person's rights or interest.

(iii) A guardian shall utilize powers conferred by this subtitle to perform services, exercise discretion, and discharge the guardian's duties for the best interest of the minor or disabled person or the minor or disabled person's dependents.