Guardianships are a legally based relationship among a named party (the “guardian”) and a 2nd person called the “ward”. In a lot of cases, the ward is usually a child or a minor that is below the age of adulthood (around eight teen in many states). Nevertheless, a guardian may also be named for an…
Guardianship is in reference to a legal responsibility designated to an individual by a probate court. An individual called a legal guardian is legally enabled for making personal, medical, and financial decisions on another individual’s behalf, called a ward. In a lot of cases, the ward is going to be minor child, and/or a mentally…
Elderly guardianship, sometimes called elderly conservatorship, is a legal relationship devised when a court names an individual to care for an elderly person that no longer can care for themselves. The named guardian has specific duties and responsibilities to the elderly individual. Read on to familiarize yourself about elderly guardianship, the process, and factors to…
It’s a godsend to have the chance to pass on considerable assets to your children – and it’s probably one of the reasons you worked so hard and saved so diligently during your life. It’s normal to want to keep your wealth within your family, particularly as we find ourselves living through economically uncertainty. Although…
When the beneficiaries of your living trust (alternates and any residuary beneficiaries) may inherit trust property prior to them ready to manage it without assistance from an adult, you should arrange for an individual to manage it for them until they are able to themselves. There are a couple ways to accomplish this: Leave your…
Guardians or conservators are designated by the court when an individual has been found to be physically or mentally debilitated, or when a minor requires an adult help with the management of their property and assets. Individuals in need of this type of care are known as wards of the court. The responsibilities of guardians…
