![]() ![]() Also, every guardianship requires that an attorney ad litem be appointed by the court to protect the interests of the ward. Court costs, which include filing fees, service fees, and fees for letters of guardianship, can also quickly reach in excess of $1,000. The cost of the exam depends on the doctor's rates.Īttorneys' fees for opening any guardianship can range from a minimum of $1,500 to an average of $3,500. ![]() A medical exam is required for a guardianship of an incapacitated adult before the application for guardianship can even be filed. Guardianship of a minor child starts out slightly less expensive than a guardianship of an adult who is incompetent because a medical exam is not required for the minor child. That amount will depend on the size of the person's estate. When guardianship of the estate is involved, the procedure is more expensive because the guardian will have to qualify for and pay an insurance company for a bond to assure their performance according to the law. ![]() In the video below, I break down the most common situations in which a guardianship would be necessary. It is possible, however, for an adult with some disabilities to be able to manage their own personal care, and thus not need a guardian of the person, but still need a guardian of the estate to help them manage their business matters. Most guardianships will be for both the person and the estate. For the estate - taking care of all the business affairs of the person.For the person - actual physical and medical care for the person.In this blog, I will explain how to set up a guardianship for a loved one, as well as what you can expect when it comes to your financial investment. There are many steps involved in establishing a guardianship and a great deal of court involvement. To put it simply, guardianships are very expensive. Guardianships are complicated and time-consuming. Unfortunately, the people calling have no idea the expense involved in setting up a guardianship. I frequently get calls about setting up a guardianship for a person who cannot manage their own affairs. ![]()
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