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appointment of a guardian for a ward the court which made the appointment
will insist upon an accounting of the guardian's financial transactions
on behalf of the ward.
This accounting
will report income to the ward, expenses paid on the ward’s behalf
and a calculation of any changes in the ward’s assets
and liabilities for the twelve month period from the date of appointment.
Guardianship
reports usually are in a proscribed form mandated by the court of appointment.
They are detailed and must account for every transaction made during
the period of the report. They will be audited
by the court and approved by a judge before the guardian’s appointment
can be reaffirmed.
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