I am in the process of becoming my grandmothers legal guardian. Do I have rights to her assets if she were to pass away. There are no other close family members. Also would it trump a beneficiary?
Check online with your state laws. They may be separate. However when I filed for guardianship, because of the persons assets, I was also appointed by the courts. It will not trump the beneficiary because the money goes to its owner. The beneficiary gets what is left after death.
If grandmother has a will that will be how her assets are distributed. If she needs a guardian she no longer has the ability to change any of these things. If she does not, then her estate would go through probate, with a judge making the decisions about who gets what. You say no other close relatives, you will be surprised how many relatives she has if she is a wealthy woman.
I hope that doesn't change your willingness to help grandma.
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It will not trump the beneficiary because the money goes to its owner. The beneficiary gets what is left after death.
If grandmother has a will that will be how her assets are distributed. If she needs a guardian she no longer has the ability to change any of these things. If she does not, then her estate would go through probate, with a judge making the decisions about who gets what. You say no other close relatives, you will be surprised how many relatives she has if she is a wealthy woman.
I hope that doesn't change your willingness to help grandma.