Ch. 6 - Q29: If I have been ordered to file a Court-Approved Budget, what forms must I file?

Ch. 6 - Q29: If I have been ordered to file a Court-Approved Budget, what forms must I file?

A29:       A guardian or conservator may request the court allow them to file a Court-Approved Budget each year that summarizes the expenses expected for the coming year.  Individuals under such court approval must use Packet B.  The budget can allow for payments such as rent, room, board, and fees at the end of the annual reporting period, and the Court can authorize a variance of up to 10 percent over the original budgeted amounts approved in the order. The guardian must file a report summarizing the payments made, including any beyond the estimate, a copy of the last bank statement, and an inventory at the end of the year, as well as request a budget for the next year.  The budget might not require the same level of detail that the Annual Accounting has and may help streamline the process, especially for wards who do not have significant assets.