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answry Asked August 2021

What is the difference between financial documentation when you are a rep payee, dpoa, or conservator/guardian for someone?

I'm curious because reading posts makes it sound much more complicated when it comes to being a conservator/guardian over someone?


In the past not being any of the things mentioned in question, I use to keep up with store receipts, checks written, bank/credit card statements, pay bills online so I could have statements and have it also show in the checking account. For the parents when they wanted extra money, I did western union for cash transactions.


Again, reading seems that conservators/guardianship if more complicated and under maybe finer eyes. So now would I need to take store receipts and then put on a spreadsheet what was purchased toilet tissue, pull ups, pajama sets, etc?


Can some of you that have gone through conservatorship/guardianship give any examples please!

JoAnn29 Aug 2021
I forgot you asked about payee too. This would be between you and SS and whovever holds the pension, if there is one. Not sure about SS but my nephew receives a government annuity from his mothers pension. I am sent yearly a questionair concerning how his money is spent. The money has to be in an acct of its own.

POA, my Moms bank statement showed the in and out of her money. I kept utility bills for the year before and the year I was in. If I bought something for her and reimbursed myself I kept those receipts.

Guardian/conservator, this is court appointed and you report to the State. They should have a list of things your expected to supply to them on a yearly basis probably.

answry Aug 2021
Thanks for responding. When you mentioned, "Keeping records is important in case your ever questioned about it."

Previously I just use to keep up with store receipts, checks written, bank/credit card statements, pay bills online so you have records. That's how I documented previously.

So would that be same for guardianship and/or conservatorship or would documentation be much different?

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JoAnn29 Aug 2021
A POA is assigned by a principle, in your instance ur parents, Keeping records is important in case your ever questioned about it.

A guardian/conservatorship overrides a POA. You have to prove the person is incompetent and you are the best person to be put in charge of their care. This is court appointed so you need a lawyer and its expensive but you have more control. You also answer to the State concerning the persons finances and health.

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