How much does it cost to become a guardian?

The amount it costs to become a guardian in New Jersey depends on a few different factors. Generally, the fees associated with becoming a guardian are minimal, and can be broken down into three main categories. The first cost is the filing fee, which is paid to the court. This fee for filing guardianship documents ranges from $100-$200. The second cost is the fee charged by the court-appointed attorney. This fee varies depending on the attorney chosen and the complexity of the case. The third cost is a fee for the bonding company, which provides a surety bond in the event that the guardian fails to act in the best interests of the ward. The cost of the bond depends on the value of the ward’s assets, typically ranging from $100 to $1,000. In addition to these initial filing fees, the guardian may also be responsible for costs associated with caring for the ward and providing for their needs. This could include medical costs, educational costs, housing costs, or any other costs associated with the ward’s care. Overall, the cost of becoming a guardian in New Jersey is relatively low compared to other states. The cost of filing the paperwork, hiring an attorney, and obtaining a surety bond should be taken into consideration when calculating the total cost of becoming a guardian.

Related FAQs

How does a court decide to appoint a guardian?
What is involved in establishing a guardianship?
How does a guardianship protect the ward?
Can a guardian be held liable for the actions of the ward?
How do you select an appropriate guardian?
What is an alternative to guardianship?
How long is a guardianship in effect?
What is a guardianship of the person?
What are the rights of a ward?
Can a guardianship be used for financial planning?

How much does it cost to become a guardian?

Related FAQs

Related Blog Posts