The importance of record-keeping for guardians and guardianships

Guardians are responsible for extensive record-keeping on behalf of their dependents. What does record-keeping for guardianship really mean? It means accounting for every penny spent, every minute spent performing their duties, and every detail of their dependent’s well-being. In most states, guardians must provide a report to the court at least annually. Additionally, guardians are frequently asked for information by health care facilities, social service agencies, financial institutions, state and federal government, and concerned family members – to name a few.

Keeping accurate records from the start can save guardians countless hours, and the headaches of tracking down information, as well as prevent potential legal problems. No one should become involved in litigation because of poor record-keeping. Advocord, a comprehensive tool for guardians, power of attorneys, and conservators, helps guardians track, and quickly access, every detail they need for reporting to the court and fulfilling other requests for information.

Key Takeaways

1. Guardians are responsible for extensive record-keeping on behalf of their dependents.
2. What does record-keeping mean for guardians? Accounting for every penny spent, every minute spent performing their duties, and every detail of their dependent’s well-being.
3. Keeping records of how your dependent’s finances change over time can help you make better financial decisions, such as when it may be necessary to sell a home or liquidate another asset to pay for their care.
4. If you ever have to step away from your role as a guardian or power of attorney, it is very important for your dependent that all of the work that you did on his or her behalf will continue to be available to your successor.

Advocord not only helps guardians with information tracking and reporting, but also with their primary duty – decision-making. For example, keeping records of changes in your dependent’s health can help if you need to consider admitting them to a hospital or other care facility.

Keeping records of how your dependent’s finances change over time can help you make better financial decisions, such as when it may be necessary to sell a home or liquidate another asset to pay for their care. Advocord enables you to do the best job possible for your dependent – and show the court that you are fulfilling your role to the best of your ability.

Finally, If you ever have to step away from your role as a guardian or power of attorney, it is very important for your dependent that all of the work that you did on his or her behalf will continue to be available to your successor. Advocord’s cloud-based guardianship software can help ensure a dependent’s information is transferred efficiently and securely.

Disclaimer: Advocord does not provide legal representation and no attorney-client relationship exists between Advocord and its subscribers. The Content is not intended to and does not constitute legal advice and no attorney-client relationship is formed. The accuracy, completeness or adequacy of the Content is not warranted or guaranteed.