Establishing a legal guardianship is a safe way to protect yourself and your assets from exploitation from unscrupulous parties and minimize future contention. The Palm Beach Gardens estate planning attorneys at Kitroser & Associates have more than 30 years of combined experience and can help you determine what guardianship option works best for you and your needs.
A guardianship is a relationship in which a court-appointed trustee, a person or agency, has the power to make decisions for an individual, because that individual is unable to make these decisions for him or herself. There are many benefits to establishing a legal guardianship, including:
As we grow older, it is common to ask for help from friends and family, especially in regard to handling finances, property, and other assets. Often, non-family caregivers are asked to assist with personal and financial matters, although they may not be qualified to properly manage financial matters, or have your best interests at heart.
In addition, the risk of exploitation of assets drastically increases when too many people have access to accounts. This means at some point multiple people have access to an individual’s bank account, savings, insurance, and investment information. Often, powers of attorney are granted to individuals based on emotion or impulse, putting assets and long-term financial stability at risk. Despite even the best intentions, it is unwise to give too many people such informal power over your finances and future. Working with a knowledgeable estate planning attorney and choosing a trustworthy financial guardian is key.
The Palm Beach Gardens estate planning attorneys at Kitroser & Associates have the experience and compassion to help you successfully navigate your unique family dynamics and specific financial considerations, establishing a guardianship option that is best for you and your family. Our goal is to provide you with sound state planning strategies and peace of mind. Contact us for a consultation regarding guardianship options at (561) 721-0600 or contact us online.
The North Palm Beach Estate Planning Lawyers of Kitroser & Associates, welcome clients from the cities of West Palm Beach, Palm Beach Gardens, Palm Beach, Jupiter, Tequesta, Juno Beach, Singer Island, Lake Park, Hobe Sound, Royal Palm Beach, Wellington, Lake Worth, as well as all of Palm Beach County, Martin County and South Florida.