If estate funds are likely to be exhausted, what should a guardian do?

When an estate's funds are likely to be exhausted, the guardian's responsibilities include safeguarding the interests of the ward and fulfilling their duties effectively. In this context, reporting to the court and seeking approval to resign is the appropriate course of action. This is important because the guardian is legally accountable for the management of the estate and must demonstrate that they are acting in the best interests of the ward.

By informing the court, the guardian ensures that any decision to resign is sanctioned officially, which protects the guardian from potential legal repercussions. It also allows the court to consider the situation and possibly appoint a new guardian or determine the appropriate steps to take in addressing the estate's financial issues. This process upholds the integrity of the guardianship and ensures that the ward's needs continue to be met responsibly.

Other options like consulting a financial advisor or contacting family members may appear helpful but do not address the legal and procedural obligations of the guardian under such circumstances. Resigning immediately without court approval could lead to complications, leaving the ward unprotected. In summary, the obligation to report to the court reflects the guardian's role in maintaining accountability and ensuring that the best interests of the ward are prioritized.