How does a guardianship protect the ward?

A guardianship is a legal arrangement that can occur when a person (referred to as the “ward”) is unable to manage their own affairs due to their age, incapacity, or disability. Guardianship gives the guardian (the person appointed to manage the ward’s affairs) decision-making powers that are legally recognized. In Alaska, a guardian can be appointed for an individual under the age of 18 or an adult who does not have the capacity to make decisions that are in their best interest. When a guardianship is established, the guardian is responsible for protecting the ward’s best interests. This includes making decisions related to the ward’s health, safety, and care. The guardian is expected to act in the ward’s best interest and will be held accountable to the court for how they exercise their guardianship powers. This accountability can be enforced with periodic court hearings where the guardian must show that the ward’s best interests are being served. Guardians also have the important responsibility of ensuring that the ward’s assets are protected from potential abuse. This includes keeping records of all income received on the ward’s behalf and all expenses and transactions. The guardian must also provide the court with a yearly accounting of the ward’s assets. By protecting the ward’s best interests and their financial security, a guardianship can be a vital tool for safeguarding the ward and their assets. It is important to remember, however, that the guardian is not expected to be a mind reader; they must always make decisions based on the best interests of the ward, not their own.

Related FAQs

What happens if a guardian fails to fulfill their obligations?
Can a guardian be removed?
What is the difference between guardianship and power of attorney?
What is the difference between a guardianship and a trust?
What is a conservatorship?
Can an individual object to a guardianship?
What is a guardianship of the incompetent?
What is involved in establishing a guardianship?
How is a guardian's performance evaluated?
How can a person become a guardian?

Related Blog Posts

Understanding Guardianship Law: What Do Parents Need to Know? - July 31, 2023
What Is a Guardianship and When Is It Necessary? - August 7, 2023
The Process of Establishing a Guardianship - August 14, 2023
What Are the Responsibilities of a Guardian? - August 21, 2023
Guardianship Law for Elderly Parents: What You Need to Know - August 28, 2023