Florida Annual Plan and Report Accounting (Guardianship) is an important step in the guardianship process. It is the legal requirement for guardians to submit a detailed financial report to the court that contains information about the ward’s assets, income, expenses, and other financial information. The Florida Annual Plan and Report Accounting (Guardianship) is used to ensure that the ward’s assets are protected and managed responsibly by the guardian. The report is also used to provide the court with evidence that the guardian is meeting their fiduciary duties and is acting in the best interest of the ward. There are two types of Florida Annual Plan and Report Accounting (Guardianship): Regular Accounting and Formal Accounting. Regular Accounting is the most basic form of accounting, which involves the guardian providing a detailed report to the court on the ward’s finances. Formal Accounting requires the guardian to provide more detailed information, such as income, expenses, investments, and other financial information.
Florida Annual Plan and Report Accounting (Guardianship)
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FAQ
In order to establish a guardianship, someone must file a petition with the local court where the alleged ward resides. This process is completed by hiring a local attorney to draft the petition. Once the petition is filed, the court will appoint an attorney to represent the alleged incapacitated person.
(3)(a) The annual guardianship report of a guardian of the property must consist of an annual accounting, and the annual guardianship report of a guardian of the person must consist of an annual guardianship plan.
744.108 Guardian and attorney fees and expenses. A guardian, or an attorney who has rendered services to the ward or to the guardian on the ward's behalf, is entitled to a reasonable fee for services rendered and reimbursement for costs incurred on behalf of the ward.
(1) A person who has been determined to be incapacitated retains the right: (a) To have an annual review of the guardianship report and plan. (b) To have continuing review of the need for restriction of his or her rights. (c) To be restored to capacity at the earliest possible time.
(1) ?Attorney for the alleged incapacitated person? means an attorney who represents the alleged incapacitated person. The attorney shall represent the expressed wishes of the alleged incapacitated person to the extent it is consistent with the rules regulating The Florida Bar.
(a) In each case when a court appoints a professional guardian and does not use a rotation system for such appointment, the court must make specific findings of fact stating why the person was selected as guardian in the particular matter involved.
View Entire Chapter The application must list the person's qualifications to serve as a guardian. (2) A person may not be appointed a guardian unless the person discloses in the application form the names of all wards for whom the person is currently acting as a guardian.