Reporting to the Court when you are Guardian of

Transcript:Reporting to the Court when you are Guardian of:
Reporting to the Court when you are Guardian of the Estate 1 Before Accepting the Position After Accepting the Position The First 90 Days 4 Must Do Steps Guardian Reports Initial Report Standby Guardian Annual Reports Other Reports Closing the Guardianship/Final Reports Resources Helpful Tips 2 Before Accepting the Position Ask/Review GAL Report Skills & Time to Serve Ask/Review Proposed Court Order Bond/unblocked accounts Full or limited guardianship What powers have Guardianship Training Program 3 Duties of Financial Estate Guardian Primary Duty To use assets to benefit the Person in the Guardianship How to Do This Manage and protect the property Pay bills for support/care File an inventory Keep records Report to Court regularly 4 Guardians Must Be Prudent & conservative Transparent in all actions Aware of conflict of interest No co-mingling assets with your own Separate bank accounts Separate investment accounts Separate tool chests, equipment, jewelry, etc. 5 Limits on Decisions Court supervision Read the Order of Guardianship Court approval to buy or sell personal and real property to file suit to regain assets What would the Person in the Guardianship want? 6 After Accepting the Position Be Prepared Guardian Oath Letters of Guardian Money to pay for Copies If Bond is Needed Insurance Company-Court Order Bond Acceptance Letter to Court Clerk DSHS Guardianship Letters & Order of Guardianship 7 Portable Legal File Letter of Guardianship Court Order Appointment of Guardianship Contact/Information Sheet Card Holder: important contact cards Attorney & Doctor Facility Bank & Investment Agent POLST Debit Card or Checks 8 First 90 Days Visit The Person in the Guardianship Understand them, their wants and their desires Understand their needs The Facility or Home The Family Understand them, their wants and their desires Understand their needs, too Effects your budget and financial planning 9 First 90 Days Be a Detective What are their Assets and their Liabilities? Income Sources and Expenses? Where are the Legal Documents? Are there any? What type of public benefits do they qualify for? Burial needs: Type? Paid for? Where is the safety deposit box and key? Insurance on the house, car or on them? Are the bills paid? Real Estate taxes paid? Tax return filed? Department of Revenue unclaimed property? Bank statements? Investment statements? And the lists go on Gather information to use to create the inventory report, a budget, an accounting system Protect the Assets 10 Banks & Financial Institutions Find the