Can a guardianship be used for financial planning?

In Florida, a guardianship can be used for financial planning. A guardian is someone who is appointed by the courts to manage the affairs of someone who cannot manage their own affairs. A guardian might be responsible for providing medical or other services for the ward, but can also take on financial responsibilities. This includes making sure bills are paid, managing bank accounts, and making sure funds are spent in a responsible manner. The guardian is ultimately responsible for the financial decisions that are made. He or she must be aware of any taxes, insurance, and investment needs that the ward might have. The guardian must also be sure to keep detailed records of all financial transactions. When a guardianship is set up, the court may place restrictions on how the guardian can manage the ward’s finances. The guardian must follow these directions to the letter. In addition, it’s important to seek legal advice if there are any questions or if there is any confusion about the process or the responsibilities. Overall, a guardianship can be used for financial planning in Florida, and it’s important to have the proper legal advice and assistance to ensure the guardian is able to fulfill his or her duties.

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Can a guardianship be used for financial planning?

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