The Illinois Designation of Personal Fiduciary For Ward is a legal document that allows a person to designate a trusted individual or organization to manage the affairs of a person who is unable to do so due to incapacity. The appointed fiduciary is responsible for making decisions regarding the care of an individual who is unable to properly manage their own affairs. The fiduciary is also responsible for managing the assets of the ward, paying bills, filing taxes, and making sure the ward is receiving the necessary medical care. There are three types of Illinois Designation of Personal Fiduciary For Ward: Guardian of the Person, Guardian of the Estate, and Conservator. A Guardian of the Person is responsible for the maintenance, care, and custody of the ward. A Guardian of the Estate is responsible for managing the ward's finances and assets. A Conservator is responsible for managing both the ward's finances and assets, as well as the ward's personal care.
Illinois Designation of Personal Fiduciary For Ward
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