Generally, your accounting period is noted on the back of your Letters of Authority. The day you are qualified determines the accounting period.

If you live in the Tri-County area (Oakland, Macomb or Wayne), you must come into the court, present the account to the staff for processing, and pay a $20 fee. If the account is correct in form and substance it will be filed. The only exception is for accounts from guardians of individuals with a developmental disability. They may be mailed.

If you live outside the Tri-County area (Oakland, Macomb or Wayne), you are allowed to file an account by mail. You must include a check or money order to cover the filing fee.

Accounts must be filed in person for efficiency. The probate counter staff cannot file an account if it is missing basic information. If important information is omitted, the error can be remedied quickly and without additional cost when the fiduciary files the account in person.

A Power of Attorney is a written and notarized document giving an individual the legal power to act on behalf of another according to the terms of the document. There is no court involvement.

The primary difference between a Power of Attorney and a guardianship or conservatorship is court involvement. Guardianships and conservatorships are fiduciary relationships created by the court. The court authorizes an individual to act as guardian or conservator of another according to the terms of the court order.

It depends upon the authority granted by the Power of Attorney. A Power of Attorney may grant the fiduciary broad powers over the person and his/her estate, or limited powers to act only in certain circumstances. If the Power of Attorney grants only limited powers, a guardian or conservator may be necessary. It is best to consult an attorney on issues regarding Powers of Attorney.