Law Offices of Roshni T. Desai
Long-term Planning For Orange County

What should you know about guardianships?

Californian residents like you who are dealing with establishing guardianship will have a lot on your plate. The Law Offices of Roshni T. Desai are here to help guide you as you determine what you need to know about guardianships and how they factor into your unique situation.

Guardianships are established when one person is unable to take care of themselves, their physical possessions, and their assets. This can include people who have developmental disabilities, people who suffer from dementia, those who receive head injuries in traumatic accidents, or even people who are simply too young to make reasonable decisions on their own. For example, guardianships can be set up for minors who receive over $15,000 in damages.

It's most common for guardianships that last after a person turns 18 to be due to developmental disabilities that prevent them from making good monetary decisions. Another category is people who become susceptible to fraud or who have undue influence exerted over them that makes them unstable with their finances. In serious situations like this, someone - you, in this case - needs to step in to lend a helping hand. You therefore become legally responsible for managing the assets and finances of the person under your guardianship. You pay their bills, organize their schedules, and make sure everything is going smoothly.

Having a guardianship can certainly be a huge responsibility, since you're working with someone else's money. Consider taking a look at our web page on things to know about guardianships here. You can contact us directly, as well.

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