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124 – Who Pays the Bill if a Guardianship is Needed?

Helping Hands Concept, Person Holding Card Giving To Another In

Helping Hands Concept, person holding card giving to another in need "Let Me Help you", black and white

Your loved one should have a power of attorney.  That way, if they ever become incapacitated you can step in and manage their financial affairs.  However, if they become incapacitated and don’t have a power of attorney there is another, albeit less convenient, remedy available.  In that situation you might need a guardianship (or, depending on where you live a conservatorship) in order to assist them.

One big issue regarding a guardianship is the cost – they can be very expensive.  Who is going to pay the fees and expenses for the guardianship proceedings?  This podcast episode discusses that issue.

I hope your loved one can avoid the need for a guardianship by creating a good power of attorney.  But if they can’t then this episode might be very helpful.

Thanks for taking time out of your day to listen to the podcast and I will talk to you soon.

Casey

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