Trust Examiner School eBook

Guardianship/Conservatorship Line Sheet

Account Name: Account Number:

Bank Name:

Exam Start Date:

Administrative Officer: Account Review Date:

Examiner:

Date of Appointment:

Capacity:

Court Approved:

Total Assets (MV):

Birth Certificate on File?

Name of Legal Representative of the Ward/Relationship: Ancillary Administration Required? (e.g. ward’s owned property in another state, health condition, living conditions and location, driving restrictions):

Status of Administration - The trust department may have to performed some or all of the following duties depending on who is appointed as the guard of the person and guardian of the estate: Initial Steps: Marshalling and inventorying the ward’s assets promptly after acceptance of court appointment.

Locating and notifying beneficiaries and heirs. Establishing the ward’s mental and physical health conditions/living conditions.

Creating trust operation tickers for administration duties.

Ongoing Administration: Appraising the ward’s assets and establishing investment objective.

Asset portfolio performance versus benchmark.

Paying ward’s expenses.

Coordination between guardian of the person and guardian of the estate (if separate entities).

Filing state and federal tax returns. Filing court accountings, with court filed approvals. Closing Steps: Liquidating assets.

Obtaining receipts for distributions. Obtaining court approval for final distribution and settlement of the guardianship/conservatorship.

Describe any reasons for prolonged administration of the guardianship/conservatorship :

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