Minors may receive large amount of money by inheritance, as the result of a lawsuit, or in other ways. As further discussed below, it is possible for an adult to have sufficient capacity to handle some matters, but need help with other types of matters.Īnother common type of guardianship is for persons under the age of 18 (minors). While the adult may have a large estate, the adult needs another person to manage the estate for them. Perhaps the most common type of guardianship is for adults who suffer from dementia and other events of incapacity. It is also possible that property taxes go unpaid, as well as insurance premiums and other regular costs.īecause this client’s family member had not created a power of attorney, the answer in this situation was to establish a legal guardianship. As you might imagine, these fines are only one type of problem that can arise when the mental state of a loved one begins to deteriorate. Unfortunately, the family member was suffering from mental incapacity.Īs a result of the individual’s mental decline, fines were collecting on the real property because of county violations that were not being addressed. Recently, a client asked for help with a family member who held a significant estate, including real property, bank accounts, and other assets. ![]() ![]() ![]() | Lindsay & Allen Law Firm | Estate Planning Home › Estate Planning ›All About Guardianship in Florida – Types, Establishing, Alternatives All About Guardianship in Florida – Types, Establishing, Alternatives
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