Are you an adult child who is having to watch your parent’s physical and/or mental health deteriorate? Are you concerned about your parent’s physical safety and/or ability to handle finances as a result of that deterioration? If so, you are probably struggling with a solution. Like most people in your position, the idea of taking away your parent’s independence by pursuing guardianship may not sit well with you. On the other hand, doing nothing could result in serious harm to your parent or to … [Read more...] about Is Conservatorship Over My Parent the Best Answer?
In previous newsletters, we have discussed both so-called “529 accounts”, which are a type of tax-efficient education savings accounts and ABLE accounts, which are a relatively new type of account that can be established to provide additional resources for persons receiving Supplemental Security Income (SSI) benefits. While each account is for a different purpose, they do share some similar features. Due to a recent law change, it is now possible to make limited transfers from existing 529 … [Read more...] about Interaction between Education Savings (“529”) Accounts and ABLE Accounts
For an adult child, there are few things more difficult than realizing that a father can no longer safely care for himself and/or his affairs. If you have arrived at that realization then the next step is to petition to become your father’s conservator. What happens though if someone doesn’t agree with your decision to pursue conservatorship? Let's see what happens if someone objects to you becoming your father’s conservator. What Is a Conservatorship? In California, if a court determines that … [Read more...] about Can Someone Object to Me Becoming My Father’s Conservator?
Guardianship v. Conservatorship in California from Timothy Murphy Once notice has been given to the necessary people, but before the scheduled court hearing, a court investigator will interview the relevant individuals, including the child in some cases. The investigation may include home visits, review of the child’s school and medical records, background checks on the person seeking guardianship and any other persons living in their residence. Learn more about guardianship v. … [Read more...] about Guardianship v Conservatorship in California
Parents with minor children are always concerned about their welfare. Part of that concern is who will take care of their children if something happens to them. While you may not want to consider the possibility of your children being without their parents, you can, at least, have the peace of mind that planning ahead can provide. In California, you need to plan ahead for guardianship for your minor children, should anything happen to you. 1. What is guardianship? Guardianship is a legal … [Read more...] about 6 Things You Need to Know about Guardianship