![]() The court expects a full report with all of the supporting documentation attached. The first inventory is crucial to setting the tone for your work with the court. In this first court-ordered inventory, you’ll need to provide records of everything the ward owns. You’ll begin reporting to the court with a complete inventory of the ward’s estate. InventoriesĪs a guardian of the financial aspects of another’s life, the court will also expect you to report your activities regularly.Īccording to the NC Judicial Branch, “A guardian of the estate or general guardian must file an inventory of the ward’s assets within 3 months after qualification and must file an annual account each year regarding the status of the ward’s property and money received and paid.” If you struggle to obtain the surety bond, you may need legal help to get your surety bond. The company you choose will run your credit. This bond gives security to the estate in case you steal the ward’s assets. Surety Bondīecause you have authority over another’s finances, income, etc., the court may expect you to secure a surety bond from an insurance company. You must also submit regular financial reports detailing how you’ve spent the ward’s money. You will need to keep track of the ward’s assets and report any changes to the court. The court will expect you to be a responsible financial guardian. Guardianship can be a lot of responsibility, so preparing before taking on this role is vital. ![]() You may also be responsible for investing the ward’s assets and making decisions about their financial future. The court may also order regular inventories of the ward’s assets and require the guardian to submit financial reports regularly.Īs a financial guardian, you will manage the ward’s finances and ensure to pay their bills on time. ![]() The court will typically order a surety bond, an insurance policy that protects the ward’s assets in case the guardian mismanages them. What is Guardianship Paperwork? What Does it Entail?Ĭourt-ordered guardianship paperwork can include some different things. In this blog post, we will walk you through what you need to do to prepare for your role as a financial guardian in North Carolina. As a financial guardian, you must navigate through piles of paperwork, including regular court-ordered inventories. Suddenly you are responsible for another person’s care and well-being. ![]() Court-ordered guardianship can feel like a daunting task for a new guardian. ![]()
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