Guardianships: What You Need To Know

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GUARDIANSHIPS What You Need to Know

description

Everything you need to know about guardianships in Fayetteville, Arkansas.

Transcript of Guardianships: What You Need To Know

Page 1: Guardianships: What You Need To Know

GUARDIANSHIPSWhat You Need to Know

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There may come a time when you must consider whether someone you care for needs help seeing to their personal

affairs

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If that time comes, it helps to understand exactly what your

options are

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GUARDIANSHIP COURT PROCEEDINGS

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A guardianship requires a court proceeding where an

individual is appointed as the guardian to make decisions for

the ward

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The court may authorize the guardian to control the ward’s property and finances or control over the ward

himself

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Depending on the situation, the guardian may be given

control over both

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CHOOSING AND APPOINTING A GUARDIAN

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Courts have very broad discretion over who is

appointed

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However, a spouse, adult child, parent or sibling is usually the most likely candidate

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Some courts will take into consideration any preference

the ward may have as to who is appointed

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INCAPACITY DETERMINATION

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The first step in the process is for the court to determine whether the would-be ward

is incapacitated

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Incapacity means the inability to make proper decisions for

one’s self

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The inability may stem from a disability, cognitive

impairment, chronic drug or alcohol use or any other

medical condition

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Incapacity can also be either temporary or permanent.

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DUTIES OF A GUARDIAN

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The primary duties of a guardian are to manage the

welfare and safety of the ward

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This may include both financial and personal needs

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It is the guardian’s responsibility

to protect the ward and his or her assets

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COURT SUPERVISION

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The guardian is required to file a petition with the court in

order to obtain written permission before making

certain important decisions

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For example, the decision to withhold life-saving medical treatment requires a court

order, as does terminating parental

rights

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The guardian is also required to make annual reports to the court as to the status of the ward and the ward’s affairs

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ADVANTAGES AND DISADVANTAGES

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The guardian remains under court supervision

The guardian has authority that is helpful when dealing with others

ADVANTAGES:

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DISADVANTAGES:

Guardianships can be costly

The process is open to the public

Loss of power and autonomy can be humiliating

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ALTERNATIVES TO GUARDIANSHIP

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A durable power of attorney

Joint bank accounts

Revocable living trusts

Protective orders

Durable financial powers of attorney

Advance directives for health care

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WHAT SHOULD I DO?

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Regardless of the cause of incapacity, it is imperative that the problem is not allowed to

progress to the point that they become a danger to themselves or others

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The best course of action would obviously be to take

care of your loved one informally, with the help of

family and friends

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But, sometimes more formal management or control is

needed

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Discuss your situation and your concerns with an estate

planning attorney so you can choose the plan that is best for

you and your family

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LEARN MORE ABOUT GUARDIANSHIP

IN FAYETTEVILLE ARKANSAS

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WWW.ARKANSAS-ESTATEPLANNING.COM

479-443-0062