QUESTION OF THE DAY: What sort of reports do guardians need to submit? ANSWER: Initial Plan: This plan must include provisions for health care, personal care services, and residential setting best suited for the ward. This report is due within 60 days of your appointment as guardian. Annual Plan: The annual plan includes the ward’s location, condition, needs and if there are any changes expected for the upcoming year. The annual plan also includes an evaluation by the ward’s physician on the ward’s current capabilities and rehabilitative services, if any. Initial Inventory: An initial inventory is due within 60 days of a guardian’s appointment and must include a list of all known assets and property belonging to the ward, the location of the assets, and any income the ward receives (Social Security, pension, etc). The initial inventory will become the basis for the Annual Accounting. Annual Accounting: Each year the guardian must submit an annual accounting to the courts. It must include a complete and accurate record of disbursements for the year. It must also include a year-end statement from all financial institutions the ward holds accounts with. The guardian is required to submit all receipts and proofs of payment for a period of 3 years after being discharged as the Guardian. In a guardianship of the property, where all the assets are maintained in a designated depository and the only transactions that occur in the account are interest accrual deposits pursuant to a settlement or financial institution service charges, the guardian of the property may file a Simplified Accounting. The Simplified Accounting must also include a year-end statement from the financial institution. The guardian must obtain approval of the court prior to submitting a Simplified Annual Accounting.
Posted on: Thu, 20 Mar 2014 20:33:30 +0000
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