Florida Annual Plan and Report Accounting (Guardianship) is an important step in the guardianship process. It is the legal requirement for guardians to submit a detailed financial report to the court that contains information about the ward’s assets, income, expenses, and other financial information. The Florida Annual Plan and Report Accounting (Guardianship) is used to ensure that the ward’s assets are protected and managed responsibly by the guardian. The report is also used to provide the court with evidence that the guardian is meeting their fiduciary duties and is acting in the best interest of the ward. There are two types of Florida Annual Plan and Report Accounting (Guardianship): Regular Accounting and Formal Accounting. Regular Accounting is the most basic form of accounting, which involves the guardian providing a detailed report to the court on the ward’s finances. Formal Accounting requires the guardian to provide more detailed information, such as income, expenses, investments, and other financial information.