The quick answer is YES. It takes some planning. The best plan to avoid guardianship is to have what are commonly called ‘advanced directives’. These include Power of Attorney, Power of Attorney for Finances (Durable Power of Attorney) and Living Will. These documents have to created and signed while the grantor of the powers have legal capacity to do so. Once they are in place guardianship is avoidable in most circumstances.
You can also become an authorized user on the bank accounts. This allows you to be able to manage the accounts but you are not the owner of the account so it remains protected from your creditors.
Contact Moseman Law Office today to prepare to avoid guardianship.