My question involves guardianship in the State of: Arkansas. Some background information first: Our next-door neighbor's granddaughter had a child in July, 2008 when she was 17 years old and still in high school. She does not know who the father of the child is. The child's mother asked my wife to babysit the child while she attended her senior year of high school and until the child was old enough to get into daycare. When the child was 4 weeks old babysitting began. During the time the mother was in school we had the child 5 days a week for all of the school day and many days had the child into the night and even overnights. We also kept him on several weekends when his mother wanted to party with her friends from school. The child never went to daycare. After she graduated high school in May, 2009 she got a job so we still kept the child. She was fired from more than one job and even though she had no money to pay us we still kept the child on regular occasions. She also got into legal trouble due to unpaid traffic fines and had a warrant for her arrest in 2 different Arkansas counties. Eventually the mother moved out-of-town (without the child) and in October, 2009 we were named legal guardians by the court. The mother had agreed to this. While away she had little to no personal contact with the child. She eventually moved to another town with a man who had just been released from prison and they also got into trouble with the law for fleeing the scene of an accident and not having insurance. They lived in a camper trailer where they had no running water and had to walk to another house to bathe. They then left that residence and basically became homeless and lived under a bridge until the weather became too cold. She is pregnant also and due in October, 2012. Earlier this year they moved in with her biological father (not her legal father) and just recently her boyfriend has been sent back to jail. She has stated she is now going to fight to get the child since she believes the court will look at her favorably now that she lives in a stable home and her bio dad is going to help her fight. Her history shows she burns all her bridges with people who try to help her and then she has to find another place to live and I don't expect her living arrangements to stay the same as they are now. She has had almost no contact with the child since we were named guardians and the child doesn't even understand that she is his mother. He is almost 4 years old and has not known in other parents since he was a year old.
My question is, what is the likelihood of the court rescinding the guardianship and what would we have to do to keep that from happening? At one point the mother was open to allowing us to adopt the child as an open adoption but now she says she is not. My wife thinks if we go ahead and start the adoption process that she will back down if we agree to an open adoption.