Free Estate Planning Forms

Pennyborn.com

Estate Planning

Financial Decisions

Title to Property

Social Security Benefits

Domestic Partners

For Women

State Laws

Newsworthy Cases

Estate Plan Tips & FAQs

Glossary of Terms A-G

Glossary of Terms H-N

Glossary of Terms O-Z

Unequal Shares

Dying Without a Will

Wills & Trusts

Types of Wills

Living Trusts

Other Types of Trusts

Trust Law

Fatal Errors in Execution

Codicils/Amendments

Inheritances

Will & Trust Disputes

Disinheriting an Heir

Community Property

Change My Will

Specific Bequests

Making Specific Bequests

Medical Decisions

Living Wills

Health Care POA

Medical Decision Laws

Terminal Illness

Right to Die

DNR Orders

Advance Directives

Children

Guardianship

Single Parents

Blended Families

Special Needs Trusts

College Funds

Medicaid for Children

Gifts to Minors UTMA

Adopted Children

NonMarital Children

Dependent Adult Child

Child Guardian Letter

Lump Sum Inheritance

Estate Taxes

Gifts and Gifting

Charitable Giving

The Marital Deduction

Find a Tax Professional

Generation Skipping Tax

Inheritance Tax

Estate Tax Info

Pets

Pet Trusts

Pet Retirement Homes

The Law on Pet Trusts

Funding Pet Trusts

Letter to Pet Guardian

Pet Owners Estate Plan

Pet Trust Info

Memorial Preferences

Funerals & Services

Cremation

Burial Options

Funeral/Burial Expenses

Organ Donation

Disposition of Remains

Funeral PrePaying

Write an Epitaph

List of Epitaphs

Burial Assistance

Write Last Wishes Letter

Life Insurance

Types of Policies

Viatical Settlements

Insurance Companies

Life Insurance Trusts

On Adult Children

Financial Planning

IRA's & Your Estate Plan

401K's & Your Estate Plan

Annuities & Your Estate

Find a Financial Planner

Long-Term Care Insurance

LTC Policy Fine Print

Inherited IRA's

Charitable Gift Annuities

Small Business

Types of Entities

Shareholders Agreements

Business Succession Plans

Selling the Business

Need for Liquidity

Estate Plan Checklists

POA Checklist

Probate

Probate of Small Estates

Probate an Estate

Probate Questions

Probate Lawyer

Executor Bonds

Free Probate Guide

Estate Administration

For Executors

Executor Checklist

Executor Powers

Creditor Claims

Estate Property Form

Tax Returns Due

Safe Deposit Boxes

File Will of Deceased

Death Certificate

Conservatorships

State-Specific Info

Issues facing Seniors

Tips for Seniors

Info for BabyBoomers

Long Term Care

Assisted Living

Medicaid Planning

Dementia & Wills

Funerals and Medicaid

Need More Help?

Finding An Attorney

Legal Aid

Prepaid Legal Services

Trust Companies

Funeral Planning Help

About Us

Contact Us

Advertise With PennyBorn

Terms of Use

Privacy Policy

Promote Your Book

Books & Software

Estate Planning Books

Software

Will & Trust Books

Books About Probate

Funeral Planning Books

Medicaid Planning Books

Books for Trustees

Living Will Books

IRA 401k & Annuity Books

Estate Tax Books

Long Term Care Books

Last Wishes Planners

Free Estate Planning

Free Estate Plan Forms

Last Wishes

Estate Plan Coversheet

Estate Planning Worksheet

Pet Guardian Form

Contesting a Will

Holographic Wills

Undue Influence

Proving Undue Influence

More About Trusts

QTIP Trusts

CharitableRemainderTrusts

PowerofAppointment Trusts

Spendthrift Trusts

Dynasty Trusts

Minor's Trust

Crummey Trusts

Irrevocable Trusts

Terminate a Trust

Guide to Living Trusts

Benefits of Living Trusts

Living Trust Checklist

Living Trust Property

Revoke Living Trust

Forms for Trustees

For Successor Trustees

No-Contest Clauses

CA No-Contest Clauses

Trust Administration

For Trustees

Trustee Checklist

Living Trust Accounting

Trust Accounting

Open Trust Account

Administer a Trust

How to End a Trust

Trust Law Sources

Estate Planning Blog

Estate Planning Forum

Blog Archives

November 2009

December 2009

January 2010

February 2010

March 2010

April 2010

June 2010

July 2010

August 2010

December 2011

Farms & Land

Conservation Easements

Celebrity Estates

Disinherited

Celebrity Epitaphs

Elizabeth Taylors Estate

Spouses & Partners

Spousal Share

Partner's Share

Joint Wills

Required to File Will

Disinherit-a-Spouse

Title-Property-Disinherit

Legacy Planning

Unwanted Pets

Animal Charities

Make an Estate Plan

Parent's Estate Plan

Estate Planning Tips

Estate Plan Letter

Guardianship Letter

Estate Plan Letters

Letter to Guardian

Letter to Child Guardian

Parents Second Marriage

California Estate Plans

California Living Will

CA Estate Planning Books

Interesting Stuff

Quotes on Death and Dying

Quotes on Inheritance

Memorable Epitaphs

Unique Last Wishes

Popular Last Wishes

Non-Probate Transfers

Pay on Death Accounts

Transfer on Death

Debts of Deceased

Parents Debts

Parents Nursing Home

Debt Collectors

Form Letter to Collector

Deceased Spouses Debts

Funeral Planning Guide

Best Funeral Songs

Last Wishes Letter

How to Plan Your Funeral

Estate Planning Deeds

Trust Transfer Deeds

Tenants in Common

Medicaid Estate Recovery

Joint Tenants

Tenants by the Entirety

Greedy Heirs

Adult Child's Inheritance

Protecting Parents From

Greedy Siblings

Estate Planning Questions

Safe Deposit Box

Leave Stock in Your Will

Questions-About-POAs

Stepparents Estate Plan

Medicaid Annuity

Medicaid Annuities

Medicaid Planning Annuity

Protect Your Family

Preparing for 2012

Heirs and Beneficiaries

Debts Owed to Deceased

 
Guardianship

Guardianship of a Child

A guardianship is legal authority granted by a court over a child and/or the child’s property. There are several different types of guardianship. Depending on the child’s situation, the guardianship may be:

  • Guardian of the Person. This is guardianship of the child which gives the guardian control over the child’s custody or placement, medical care, education, and general well being, but no control over the child’s estate.
  • Guardian of the Estate. This is guardianship of the child’s financial affairs and property, including any inheritance, money, real estate, personal injury award, etc., but no control over the custody of the child.
  • General Guardian. When a guardian is granted both guardianship of the person and guardianship of the estate. A General Guardian may make all decisions for the child.

    What are the Duties of a Court-Appointed Guardian?

    As a court-appointed Guardian of the Person, you will have certain duties as outlined by the court. For example, you may be required to file a plan of care with the court which provides information about the health and physical well being of the child.

    Court-appointed Guardians of the Estate, are usually required to perform the following duties:

    Post a surety bond. Guardians are sometimes required to post a surety bond as protection for the ward’s financial assets to insure against any misconduct by the guardian.

    Perform record-keeping. Guardians are required to keep accurate records of each transaction affecting the child’s estate, including records of income, bank statements, cancelled checks, and receipts.

    Submit accountings. A guardian is accountable to the court for all property entrusted to him. As a guardian of a child’s estate, you are required to file an inventory of the ward’s assets and periodic accountings with the probate court showing your expenditures. If you fail to file these accountings within the timelines required, you may be removed as guardian.

    If you are appointed guardian of a child and/or a child’s estate and are unsure about your duties or how to perform them, consult an attorney. There are serious consequences for failure to comply with your fiduciary duties as a guardian, including loss of the guardianship and criminal penalties. Every state has its own distinct laws regarding guardianship of children and their property.


  •  
    At What Age Does a Minor Gain Control Over Property Subject to a Guardianship?

    When a child has inherited property under a will, received life insurance proceeds, or received property pursuant to a personal injury settlement that becomes subject to a court-appointed guardianship, the child generally must be given authority to control his own property when he or she reaches age 18 or the age of majority.

    How is a Guardianship Granted?

    A guardian can only be appointed by a court with jurisdiction over the child or the child’s estate. A person who believes a child is in need of a legal guardian can petition the court for guardianship. Also, when a parent dies leaving a will nominating a guardian for his or her child, the will is submitted for probate and the court will determine who should be appointed guardian of the child. While the individual named as guardian in the will is not automatically appointed, if the named guardian is qualified and the court finds no reason the individual should not serve, the court will appoint the deceased parent’s choice of guardian as named in the will. However, if the court finds it is not in the child’s best interest to have the person named in the will be granted custody of the child, the court will appoint someone else to serve as guardian.

    When is Guardianship Necessary?

    If a child’s parents are living, a guardian of the child’s estate may be necessary when the child inherits property through a will or intestate succession, receives the proceeds of a life insurance policy, or receives a personal injury judgment or settlement. If a child’s parents are deceased, incapacitated, incarcerated or unavailable, a guardian for a child may be necessary for the physical custody and care of the child, as well as to manage the child’s property.

    What is a Guardian Ad Litem

    A guardian ad litem is a guardian appointed by the court to represent the interests of a minor child. A guardian ad litem may be appointed to represent a child’s interests in litigation.

    What Could Happen to Your Child if You Fail to Make a Will

    If you fail to make a will appointing your choice of guardian for your child and you die before your child becomes an adult, your child could be placed in the care of a court appointed guardian rather than the person you would have chosen to raise your child. Making a will gives you the opportunity to let the court know the home you think would be best for your child in your absence. Naming a guardian is one of the most important reasons parents with minor children should make a will.

    What is a Testamentary Guardian?

    A testamentary guardian is an individual named in a parent’s last will to be guardian of the parent’s minor child. If you are named as guardian in the will of a deceased parent, the will must be administered through probate and you must formally qualify as guardian in accordance with applicable court rules before you will be granted guardianship of the deceased parent’s child.

    Is an Attorney Required to Seek Guardianship of a Child?

    Petitioning for guardianship of a child is a complex legal process. In most states, you need the assistance of an attorney to petition for guardianship, present information at the court hearing, prepare a court order of appointment, and complete other steps in the guardianship process. In some states it is mandatory that you have an attorney to petition for guardianship of a child.
     

    Home    Copyright © 2009-2012 Pennyborn Planning.  All Rights Reserved.  Pennyborn and Pennyborn.com are trademarks of Pennyborn Planning and may not be used without written authorization of the company. No part of the content displayed on this site may be reproduced, copied or distributed without prior written permission of Pennyborn Planning.  INFORMATION CONTAINED ON THIS SITE, INCLUDING ARTICLES, ESTATE PLANNING FORMS, AND THE ESTATE PLANNING BLOG, IS NOT LEGAL ADVICE.  All content on Pennyborn.com is for educational, informational purposes only. Your use of this site does not create an attorney client relationship.  If you send us an email, that does not create an attorney client relationship.  We make no representations or warranties regarding the accuracy or completeness of any content or forms displayed on this site.  Do not rely on this site as a substitute for professional advice.  When taking any action regarding any matter discussed on Pennyborn.com, consult a licensed attorney, tax professional or financial planner familiar with the laws of your state and your personal circumstances to obtain current and complete guidance.