Guardianship Reports (NYC Based)

Brooklyn74

Good Afternoon,

I hope everyone is doing well. I know we are located all over the world, but I was wondering if those near the NYC/NYS vicinity had any recommendations on who could help me prepare my annual guardianship report- due this past May, so very late. I've asked 100 people and no one can help. I think I just need a really good bookkeeper who can reconcile and write up financials. Someone who can read an investment doc and understand realized and unrealized gain, because it's like reading a foreign language to me. Can anyone help?

I'm looking into Quickbooks Bookkeeping Services, but it's very expense. I'm speaking with them tomorrow and perhaps for a person, not a small business, their prices are lower.

I've tried Quickens and I think it's evil, it's always missing details.

Thank you.

loveskitties

Sounds like you need a CPA, and depending on how good your recordkeeping has been it may be a challenge to get one "after the fact" rather than working with you on at least a monthly basis.

Brooklyn74

I have been looking for a CPA, but can find no one to help me. I'm trying to get organized so then I can reconcile everything monthly.

Brooklyn74

Sorry, I understand the finances just fine, but not how to put the report together- those are two very different things. Further, I don't have any of my own financial issues. I've also never taken out a loan for either of my parents. And trust me, the one person who doesn't care about the assets of my dad is the court itself, the most corrupt thing I have ever experienced. But thank you for making me feel bullied. Much appreciated, like having a sick parent isn't hard enough. I came here for support, not judgment.

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MN Chickadee

I don't have any experience with this, just wanted to say good luck. I know you have a lot on your plate and endless aspects of caregiving for your parents. Did you find an elder law attorney? I would think they would could recommend someone to do this type of report.

Brooklyn74

No one was ever able to recommend someone to help. Attorneys didn't want to bother. Even the manager assigned to my case was useless. She's assigned by the Court to keep everything in order and she didn't even understand the questions.

Olly_Bake

Not specific to NYC

I'm Dad's guardian and conservator. 

I too was late with my report because I also could not find anyone who could tell me the proper formatting including the attorney for our case. However, the attorney did tell me that there is a grace period for getting one submitted.

The attorney gave his seal of approval and submitted the one I came up with using the link below (see link - hope it was okay to post). I used Microsoft Word because I couldn't figure out a PDF editor in a timely fashion. Because I had an idea of what other information my dysfunctional siblings may have wanted to know, I just added it in and added suggestions from the attorney. Of course, the attorney had suggestions after my initial submission.

The attorney added their lingo in, printed it on their letterhead, and I was finally able to sign off. Got my copies to send to those involved. Neither the courts nor the attorney asked for receipts for the year so I have them saved to a USB just in case ever needed. It has been months now and all seems to be well. Nothing from the attorney and courts asking for a do over or clarification. Guessing siblings satisfied.

I wish there was a program that would separate different items on the receipts like personal care items, household, food, etc. Right now it's just me and a calculator. Rarely do I get this done in the same month. I wish someone could tell us how to make this a bit more bearable when you also doing the caregiving as well.

https://superiorcourt.maricopa.gov/media/3902/pbgcg9fz.pdf

Quoted From Google: Defining Realized and Unrealized Gain

Once the investor sells, an unrealized gain becomes a realized gain, turning the expected profit into an actual profit. In other words, an unrealized gain is what an investor would gain if they sold the asset, while a realized gain is what the investor did gain for selling it.

A CPA should be able to advise I would think. Seems like they could probably says something like, "if this asset was sold, list the profit made. If nothing was sold list no changes.

Investments - nothing sold/no profits

Investments - real estate sold 2023/450,00 profit made

Then seem like the attorney would state if you have to name the investments.

I at times wish I had not stepped into being guardian and conservator but it was the only way to help dad get the care he needed.

Let us know how you come out.