Richton Park, IL asked in Estate Planning for Illinois

Q: I was appointed Guardian of Grandson Estate in 2008. Now Bank Rep was appointed due to settlement

I have since Adopted my grandson. Oct. 2017. Should I present this to Probate Judge, If it even matters? Grandson is 15. Disabled.

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1 Lawyer Answer

A: If you adopted, the guardianship should have been, or may be considered to be closed.

Did you file an accounting.

Apparently, the bank has money for the child. They can only give it to a guardian appointed by court to safeguard his money.

They don't just give it to the parent.

Sometimes the parent is appointed the guardian. But, if there is money involved, the court may require posting a bond.

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