There are a couple ways that someone can become a ward of the court. They may become incapacitated. They are sometimes minor children who have no immediate family to handle the responsibilities. Almost any conservatorship Rancho Cucamonga courts appoint involves an individual who has assets to be managed. Conservators, or guardians, have a legal responsibility to make decisions that are in the best interest of the ward.
Handling the allocation of liquid assets is one of the responsibilities of a conservator. Liquid assets are usually cash or items that can be easily turned into cash. The guardian must decide who is going to be responsible for investing them. Most of the time, this job goes to the conservator himself or to a financial advisor that the conservator chooses. It is also the conservator's job to determine what to do with personal property and real estate owned by his ward.
Day to day decisions are the responsibilities of conservators. One may have to decide whether to sell his ward's sports car and spend the proceeds on a specially outfitted van to accommodate the wheelchair the dependent uses, for instance. This is a case where it is permissible to sell an asset in order to purchase something more suitable to the ward's current needs. Conservators can decide to sell a family home, and other real estate owned, to have the funds to pay for nursing home or assisted living care.
Conservators can decide whether it's feasible for wards to continue living on their own or would be safer and more comfortable in a skilled nursing facility. Whatever the decision, conservators are responsible for their wards' financial obligations, like house payments and nursing home care. Guardians have the responsibility of ensuring taxes are paid every year on time and in full. Any correspondence addressed to the dependent goes through the guardian first.
Conservators are accountable to the courts. Each year they must prepare detailed accounting of how they invested or sold their ward's assets. If his ward is incapacitated mentally, the conservator has to submit a doctor's report.
Medical reports have to detail a dependent's condition, both mentally and physically, and if the services of a guardian are still deemed necessary. There must be a plan that addresses the ongoing treatment for the ward. Courts must see everything done in the past year and what the next year's plan is.
It is necessary for conservators to get court approval before they make some decisions. It is up to the state to determine what exactly must be presented to a court for approval. In Florida, for example, a conservator must petition the court before he can sell any real estate owned by his ward.
If the ward is a minor, the conservatorship will probably end when the individual reaches the age of eighteen or twenty-one. At this time the guardian must file an final account of the ward's assets and terminate the guardianship. The assets are then turned over to that ward. At this time the responsibility of his conservator is ended.
Handling the allocation of liquid assets is one of the responsibilities of a conservator. Liquid assets are usually cash or items that can be easily turned into cash. The guardian must decide who is going to be responsible for investing them. Most of the time, this job goes to the conservator himself or to a financial advisor that the conservator chooses. It is also the conservator's job to determine what to do with personal property and real estate owned by his ward.
Day to day decisions are the responsibilities of conservators. One may have to decide whether to sell his ward's sports car and spend the proceeds on a specially outfitted van to accommodate the wheelchair the dependent uses, for instance. This is a case where it is permissible to sell an asset in order to purchase something more suitable to the ward's current needs. Conservators can decide to sell a family home, and other real estate owned, to have the funds to pay for nursing home or assisted living care.
Conservators can decide whether it's feasible for wards to continue living on their own or would be safer and more comfortable in a skilled nursing facility. Whatever the decision, conservators are responsible for their wards' financial obligations, like house payments and nursing home care. Guardians have the responsibility of ensuring taxes are paid every year on time and in full. Any correspondence addressed to the dependent goes through the guardian first.
Conservators are accountable to the courts. Each year they must prepare detailed accounting of how they invested or sold their ward's assets. If his ward is incapacitated mentally, the conservator has to submit a doctor's report.
Medical reports have to detail a dependent's condition, both mentally and physically, and if the services of a guardian are still deemed necessary. There must be a plan that addresses the ongoing treatment for the ward. Courts must see everything done in the past year and what the next year's plan is.
It is necessary for conservators to get court approval before they make some decisions. It is up to the state to determine what exactly must be presented to a court for approval. In Florida, for example, a conservator must petition the court before he can sell any real estate owned by his ward.
If the ward is a minor, the conservatorship will probably end when the individual reaches the age of eighteen or twenty-one. At this time the guardian must file an final account of the ward's assets and terminate the guardianship. The assets are then turned over to that ward. At this time the responsibility of his conservator is ended.
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