Is there any form of protection that one could have if they don’t have any family that they trust to become guardian?

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Is there any form of protection that one could have if they don’t have any family that they trust to become guardian?

I am wondering if it would be possible to form a trust or will like document that states what would happen to me and my assets if I was no longer capable of taking care of myself. Something that would restrict the powers of a guardian, that was someone outside my family, such as a lawyer or an entity. Having a checks and balance within it that called for an pre-determined outside accounting firm to make sure money was not being siphoned or overly spent on things that did not benefit me directly? A document that detailed what my estate or assets could be spent on, and under what circumstances could they be sold or adjusted?

Asked on May 24, 2013 under Estate Planning, Texas

Answers:

MD, Member, California Bar / FreeAdvice Contributing Attorney

Answered 7 years ago | Contributor

Yes, a spendthrift trust naming particular institutions to aid in your help. You should sit down with several estate planning attorneys for consultation and discuss your options and what you wish to occur pror to hiring one attorney over any other. Talk to the bar association in your state that handles trusts and estates and see if it has any literature for you to review. Start reading up on spendthrift trusts and accompanying directive documents to help you get started.


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