This is an official form from the New York State Unified Court, which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by New York statutes and law.
Nassau County in New York requires guardians of incapacitated individuals to file an annual account known as the "Nassau New York Annual Account of Non-Bonded Guardian for the Period Ending." This account serves as a comprehensive financial report for the guardian's actions and management of the incapacitated person's assets over a specified period. Keywords: Nassau County, New York, annual account, non-bonded guardian, incapacitated individual, financial report, assets, management. To comply with the reporting requirement, guardians must adhere to specific guidelines and provide detailed information in the Nassau New York Annual Account of Non-Bonded Guardian for the Period Ending. The account includes the following key elements: 1. Guardian Information: The account begins with the guardian's details, such as their name, contact information, relationship to the incapacitated person, and any changes in their status since the previous filing. 2. Period Covered: The account specifies the period covered by the report, typically encompassing one calendar year, from January 1st to December 31st. 3. Overview of Incapacitated Person's Estate: The guardian provides a comprehensive overview of the assets held by the incapacitated individual, including real estate, bank accounts, investment portfolios, personal property, and any changes in the estate's composition during the reporting period. 4. Receipts and Disbursements: This section details all financial transactions initiated by the guardian on behalf of the incapacitated person. It includes a breakdown of income received, such as interest, dividends, and rental payments, as well as expenses disbursed for living expenses, medical bills, legal fees, and other necessary costs. 5. Tax Filings and Payments: The guardian reports the filing and payment status of any applicable federal, state, and local taxes regarding the incapacitated person's estate. This section is crucial for demonstrating compliance with tax obligations. 6. Investment Activities: If the guardian manages and invests the incapacitated person's assets, they must disclose any investment activities undertaken during the reporting period, provide statements or summaries of investment accounts, and account for any gains or losses incurred. 7. Accounting and Statements: The guardian includes financial statements, such as balance sheets, income statements, and cash flow statements, to provide a detailed picture of the estate's financial health. These statements demonstrate the guardian's stewardship and help ensure the proper management of the incapacitated person's assets. 8. Supporting Documentation: The guardian should include supporting documentation, such as bank statements, receipts, invoices, contracts, and any other relevant financial records, to substantiate the reported transactions and ensure transparency. Different types of Nassau New York Annual Account of Non-Bonded Guardian for the Period Ending may include variations based on the specific needs and circumstances of the incapacitated person. For instance, if the ward has complex investments or multiple sources of income, the account may require additional schedules or supporting documentation to capture the intricacies of their financial situation. In conclusion, the Nassau New York Annual Account of Non-Bonded Guardian for the Period Ending is a detailed financial report that guardians in Nassau County, New York, must submit annually to comply with legal obligations. This comprehensive account ensures transparency and accountability in the management of an incapacitated person's assets, providing an important safeguard for their financial well-being.Nassau County in New York requires guardians of incapacitated individuals to file an annual account known as the "Nassau New York Annual Account of Non-Bonded Guardian for the Period Ending." This account serves as a comprehensive financial report for the guardian's actions and management of the incapacitated person's assets over a specified period. Keywords: Nassau County, New York, annual account, non-bonded guardian, incapacitated individual, financial report, assets, management. To comply with the reporting requirement, guardians must adhere to specific guidelines and provide detailed information in the Nassau New York Annual Account of Non-Bonded Guardian for the Period Ending. The account includes the following key elements: 1. Guardian Information: The account begins with the guardian's details, such as their name, contact information, relationship to the incapacitated person, and any changes in their status since the previous filing. 2. Period Covered: The account specifies the period covered by the report, typically encompassing one calendar year, from January 1st to December 31st. 3. Overview of Incapacitated Person's Estate: The guardian provides a comprehensive overview of the assets held by the incapacitated individual, including real estate, bank accounts, investment portfolios, personal property, and any changes in the estate's composition during the reporting period. 4. Receipts and Disbursements: This section details all financial transactions initiated by the guardian on behalf of the incapacitated person. It includes a breakdown of income received, such as interest, dividends, and rental payments, as well as expenses disbursed for living expenses, medical bills, legal fees, and other necessary costs. 5. Tax Filings and Payments: The guardian reports the filing and payment status of any applicable federal, state, and local taxes regarding the incapacitated person's estate. This section is crucial for demonstrating compliance with tax obligations. 6. Investment Activities: If the guardian manages and invests the incapacitated person's assets, they must disclose any investment activities undertaken during the reporting period, provide statements or summaries of investment accounts, and account for any gains or losses incurred. 7. Accounting and Statements: The guardian includes financial statements, such as balance sheets, income statements, and cash flow statements, to provide a detailed picture of the estate's financial health. These statements demonstrate the guardian's stewardship and help ensure the proper management of the incapacitated person's assets. 8. Supporting Documentation: The guardian should include supporting documentation, such as bank statements, receipts, invoices, contracts, and any other relevant financial records, to substantiate the reported transactions and ensure transparency. Different types of Nassau New York Annual Account of Non-Bonded Guardian for the Period Ending may include variations based on the specific needs and circumstances of the incapacitated person. For instance, if the ward has complex investments or multiple sources of income, the account may require additional schedules or supporting documentation to capture the intricacies of their financial situation. In conclusion, the Nassau New York Annual Account of Non-Bonded Guardian for the Period Ending is a detailed financial report that guardians in Nassau County, New York, must submit annually to comply with legal obligations. This comprehensive account ensures transparency and accountability in the management of an incapacitated person's assets, providing an important safeguard for their financial well-being.
