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 PG 662 Petition to Receive Funds on Behalf of a Minor Probate Guardianship Forms 2007

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23 costly misconceptions about wills and trusts number 12 a will protects me if I become mentally or physically incapacitated no a will only kicks in when you die it does nothing when you're incapacitated your family may have to file a lawsuit against you called a guardianship where they're appointed to make all decisions for you they will do that through the probate court and every year they'll have to report to the court exactly how they've spent your money in essence you've lost control over that decisions because the court now makes those decisions many families don't feel comfortable doing this alone and so they'll hire an attorney which then drives up the costs one other little secret how long does it take to get through a guardianship frequently several months

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