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Potential advantages & disadvantages of guardianship attorneys

Guardianship can be an imperative tool when you try to protect the well-being and the interests of your loved ones. To know more about how our guardianship attorneys can help your circumstance, plan a consultation with us today! Call us today to arrange a complimentary meeting.

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Potential advantages & disadvantages of guardianship attorneys

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  1. Potential advantages & disadvantages of guardianship attorneys

  2. Having a guardianship attorneys to help navigate this court process that is extremely helpful in ensuring things are done correctly, and in the best interests of the ward and family, which can save time and money, help the family understand the process, and alleviate some of the stress associated with the court process.

  3. THE ROLE AND RESPONSIBILITY OF A GUARDIAN These responsibilities include: • Making financial and medical decisions • Filing annual reports with the court • Deciding here the ward will reside

  4. ADVANTAGES OF GUARDIANSHIP Can Give Control to a Trusted Third Party When a guardian is appointed, the court will appoint a family member, friend, or corporate guardian who can be trusted to make decisions for the ward. Comes with Court Oversight In case a guardian is appointed by the court, the guardian has a fiduciary duty to act in the best interests of the ward. The court will monitor how the decisions are made and assets are managed to certify that a guardian is fulfilling his duty.

  5. DISADVANTAGES OF GUARDIANSHIP Complicated and Costly The court process can be time-consuming and expensive. The Individual Doesn’t Get the Chance to Select Their Guardian When a power of attorney is created, the individual selects incapacity their agent in the case of guardianship proceedings, the court appoints a guardian for the person. Court is Involved in Private Family Decisions Unlike agents acting under a Power of Attorney, the guardianship process is overseen by the court, and guardians must get court approval to act.

  6. FOR CONSULTATION (262) 812-6262 paralegal@elcwi.com www.elderlawcenterofwisconsin.com

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