Standby Guardianship Can Be An Important Part Of Estate Planning

Obermayer Rebmann Maxwell & Hippel LLP
Contact

Although Delaware’s Standby Guardianship Act became law nearly a decade ago, many are still unfamiliar with the concept.  This type of guardianship serves such an important purpose and is important to understand.

Sadly, it seems as though everyone has been impacted by a friend, family member, or mentor who receives a terminal diagnosis and is gone too soon.  If that friend or family member is caring for minor children, the diagnosis may raise questions about who will care for them.

Standby Guardianship may offer a solution.  In short, standby guardianship allows a parent or guardian afflicted with a progressive, chronic condition or terminal illness to make arrangements for the future care of their child if the child’s other parent is unwilling or unable to do so.  The appointment can be made without terminating the parent or guardian’s own legal rights.  In fact, a standby guardian, if appointed, does not assume his/her role and responsibilities until a triggering event occurs.  Triggering events include (i) a determination that the ill parent or guardian is deceased, incapacitated or debilitated, or (ii) the ill parent or guardian agrees in writing that the standby guardian may assume their role.  If a standby guardian is appointed and a triggering event occurs, the standby guardian can assume the role of guardian and can exercise the same powers, rights and duties respecting the care, maintenance and treatment of the child as a parent.

Additional information on this important option may be found here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Obermayer Rebmann Maxwell & Hippel LLP | Attorney Advertising

Written by:

Obermayer Rebmann Maxwell & Hippel LLP
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Obermayer Rebmann Maxwell & Hippel LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide