To put it simply, guardianship are very expensive.
Most guardianships are for both:
- The person - actual physical and medical care for the person.
- The estate - taking care of all the business affairs of the person.
If guardianship of the estate is involved, the procedure is more expensive because the guardian will have to qualify for and pay an insurance company for a bond to assure their performance according to law. That amount will depend on the size of the person’s estate.
Guardianship of a minor starts out slightly less expensive because a medical exam is not required for the ward (a person for whom the guardianship is sought). A medical exam is required for a guardianship of an incapacitated adult.
Attorney’s fees for opening any guardianship can range from a minimum of $1,500 to an average of $3,500. In addition to attorney's fees, court costs, which include filing fees, service fees, and fees for letters of guardianship can also quickly reach an excess of $1,000. Also, every guardianship requires that an attorney ad litem be appointed by the court to protect the interests of the ward. That fee can range from $350 to several thousand dollars depending on the amount of work the ad litem is required to do.
Guardianships are extremely labor intensive for attorneys and involve substantial court fees.
In short, you won’t get off opening a guardianship for less than several thousand dollars.
Wondering how you can avoid this headache and expense? Read my blog How Do I Avoid Needing A Guardianship.
Ready To Meet With An Attorney About A Guardianship or Guardianship Alternatives?
Contact Adair M. Buckner, Attorney At Law to schedule a free initial consultation today.