Health Savings Accounts (HSAs) offer triple tax advantages, portability, and flexibility, making them a powerful tool for healthcare savings and retirement planning. Jacksonville residents can maximize their HSAs for immediate medical expenses or long-term savings. Discover how HSAs complement your estate plan today.
What Should I Know about Guardianship?
In a perfect world, a child would be raised by its parents. However, this isn’t always possible, and legally enforceable decisions must sometimes be made to name the person who is best positioned to look after a child.
Guardianship is generally only needed when a person is incapable—whether legally or practically—of looking after their own affairs, says VENTS Magazine in the article “Legal Guardianship 101: What You Need to Know.”
Courts have the power to appoint guardians for adults and children. This is usually a person who is unable to make decisions for themselves.
It may be a disabled person, and guardians are appointed for children when parents consent to it, when their parental rights are removed by a court, or when both parents are dead or permanently incapacitated.
Guardians have duties as to both the protected person and their estate. The duties to the person include providing necessities, education and appropriate medical treatment, where necessary. As far as the estate of the protected person, the duties are to manage any funds properly and to spend them, pursuant to the protected person’s needs. Guardians must prepare an inventory of assets within 60 days of their appointment to the role.
Custody is only granted for children. When appointed, a custodian is given parental rights over the child. Guardianship does not bestow these rights.
A guardian is appointed to take care of a protected person and to safeguard their estate. Biological parents, if alive, keep their parental rights over the child.
To become a guardian, you must file a petition with the court. There will be a hearing on your application. You must present proof (from a doctor, for example) that guardianship is necessary under the circumstances.
Guardianship litigation can eb stressful, but it is frequently necessary, so engage an attorney to help you.
Reference: VENTS Magazine (April 13, 2020) “Legal Guardianship 101: What You Need to Know”
Read some related articles at :
What You Should Know About Guardianship
5 Ways To Know You Need A Guardianship For Mom (Or Dad)
Also, read one of our previous Blogs at :
How is a Guardianship Determined?
Related Posts
