What is a guardian's account?

Every guardian, except a guardian of the person only, must file an account in the probate court at least once every two years, or more often *if local court rules require it. A final account must be filed within 30 days after the termination of the guardianship. This account must include an itemized statement of all receipts, disbursements and distributions made from the ward's estate. All transactions must be verified by vouchers or proof, unless a corporate fiduciary is involved. The accounting must also contain an item itemized statement of all funds, assets and investments in the guardian's hands at the end of the accounting period, and any changes in investments since the last account was filed. Actual securities and passbooks or bank statements must be exhibited to the probate court for examination, and the account must be made on the signature and oath of the guardian.

A guardian of the person only" may also be ordered to provide an accounting from time to time for good cause shown on the court's own motion or on motion by any interested party.