Sammons Thomas F

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Tomorrow: 9:00 am - 5:00 pm

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Hours

Regular Hours

Mon - Fri:	9:00 am - 5:00 pm

Guardianship
At least once per month, the child of a client calls saying that his or her parent cannot handle their finances due to age or mental state and how does he or she get the authority to pay Mom or Dad’s bills. If the client has a living trust, we have the client’s doctor say in writing that the client is no longer capable of handling his or her finances. The back-up trustee named in the trust then takes over and is allowed to handle the finances. It’s simple and quick. If the client has no living trust, then a guardianship estate must be opened for the client. A doctor must examine the client and fill out a report, a court case is filed, an attorney is appointed for the parent, a trial is held and at the end of the trial the judge controls all of the client’s assets. The guardianship process can be expensive, long and embarrassing. Living trusts assure that this will not happen. The authority to run the living trust is switched to the back-up trustee without going to court.

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