An estate plan should provide for an individual’s mental capacity. Often however, these provisions are overlooked when putting the plan to paper. Many times, when they are not addressed, someone will either refuse the assignment or find it to be abusive. Still others, because of developmental disabilities or minor age, cannot make decisions regarding their estates. The Devon Bank Trust and Wealth Management Department is experienced with Probate Court rules, details and legal considerations regarding guardianships of the estate.
Our job is to promote the well-being of the disabled person or minor and to protect his or her estate from neglect, exploitation or abuse. The court often looks to Devon Bank to serve in this capacity since the bank is better able to properly invest the ward’s dollars, which are needed to provide for the cost of care and supplemental needs.
- Partnering with guardianship attorneys, organizations acting as guardian of the person and/or care provided by family members
- Annual accounting to the courts
- Prudent asset management
- Paying bills
- Monthly budgeting
- Tax filings
- Protection of guardianship assets
- Not FDIC insured. May lose value. No bank guarantee.