The Hawkins Law Firm
256.571.2829

408-A Gunter Avenue
Guntersville, AL 35976

256.799.0224

7027 Old Madison Pike, NW Suite 108
Huntsville, AL 35806

256.586.4510

942 N. Main Street
Arab, AL 35016

Estate Planning Newsletter

Obligations of a Guardian

In certain cases, a minor may need to be assigned a legal guardian either because a parent is not able to care for the minor, or because the existing guardian is not competent. When a guardian is appointed, he/she will have the same custodial rights as the minor's parent.

Guardians are appointed by a court, upon application or nomination and approval, or the court may select and appoint an appropriate guardian at its discretion.

Types of Guardians

Guardian of the person:

  • Provides or arranges for the minor's residence
  • Arranges for medical treatment for the minor

Guardian of the estate:

  • Manages the minor's property
  • Invests the minor's money
  • Provides financial support and educational opportunities to the minor

Guardian of the person and estate

  • Has the combined powers of the above 2 types of guardians (custody and management of property)

Guardian of specific property:

  • Cares for certain item(s) of property belonging to the minor

Guardian ad Litem:

  • Appointed for limited, short-term purpose of prosecuting or defending a legal proceeding on behalf of the minor

Guardianship Not Permitted

  • A minor cannot have a guardian if he/she is married or has been married
  • If the minor has been married but cannot care for himself/herself, a conservator may be appointed

Termination

A guardianship will end upon the occurrence of one of the following:

  • The minor dies
  • The minor becomes 18 years old
  • The guardian dies
  • Resignation or removal of the guardian
  • A court order terminating the guardianship
  • What are the Duties of a Trustee?
    Every trust must have a trustee to properly administer the elements of the trust. Trustees can be individuals, financial institutions or even organizations. A trustee follows the precise instructions of the trustor (or the... Read more.
  • Donations of Property and Tax Deductions
    The U.S. government has long encouraged citizens to contribute to charity. One method of encouraging philanthropic giving is the allowance of deductions from income for federal tax purposes for donations to “qualified”... Read more.
  • Marital Deductions & Non-Citizen Spouses
    A QDOT is a specific type of marital deduction trust that is designed to ensure that non-citizen spouses will eventually pay any taxes that may be due upon distribution of the principal from the trust, even if the surviving spouse... Read more.
  • Overview of the Delaware Series LLC
    Limited Liability Companies (“LLCs”) are a form of business ownership which is a separate legal entity much like a corporation. An LLC is treated like a partnership for tax purposes and like a corporation for liability... Read more.
Estate Planning News Links
Share This Page:
Designed and Powered by NextClient

© 2015 - 2017 Hawkins Law Firm, LLC. All rights reserved.
Custom WebShop™ law firm website design by NextClient.com.

Contact Form Tab