CONSERVATORSHIP - Conservatorship of the Estate (Nationwide) - With or Without Temporary Orders - A Conservatorship of the Estate is a court-ordered arrangement where a conservator is appointed to manage the financial affairs of an adult deemed unable to do so themselves, including managing assets, paying bills, and making investments.
The primary goal is to protect the financial interests of an individual (the "conservatee") who lacks the capacity to handle their own finances.
The conservator has legal authority to manage the conservatee's assets, income, and debts, including:
- Paying bills and debts.
- Collecting income and managing assets.
- Making investments.
- Preparing and filing taxes.
- Preserving assets.
The conservator is accountable to the court and must file regular reports on the conservatee's financial affairs.
A conservatorship of the estate is typically established when an adult:
- Lacks the mental capacity to manage their own finances.
- Is at risk of financial exploitation or neglect.
- Is unable to make sound financial decisions.
The court will appoint a conservator, often a family member or close friend, but sometimes a professional conservator.
NOTE: In some cases, a Limited Conservatorship may be established, where the conservator's powers are restricted to specific areas of financial management.
Does not include any filing fees or court costs.
CONSERVATORSHIP - Conservatorship of the Estate (Nationwide)
CONSERVATORSHIP - Conservatorship of the Estate (Nationwide) - With or Without Temporary Orders - A Conservatorship of the Estate is a court-ordered arrangement where a conservator is appointed to manage the financial affairs of an adult deemed unable to do so themselves, including managing assets, paying bills, and making investments.
The primary goal is to protect the financial interests of an individual (the "conservatee") who lacks the capacity to handle their own finances.
The conservator has legal authority to manage the conservatee's assets, income, and debts, including:
- Paying bills and debts.
- Collecting income and managing assets.
- Making investments.
- Preparing and filing taxes.
- Preserving assets.
The conservator is accountable to the court and must file regular reports on the conservatee's financial affairs.
A conservatorship of the estate is typically established when an adult:
- Lacks the mental capacity to manage their own finances.
- Is at risk of financial exploitation or neglect.
- Is unable to make sound financial decisions.
The court will appoint a conservator, often a family member or close friend, but sometimes a professional conservator.
NOTE: In some cases, a Limited Conservatorship may be established, where the conservator's powers are restricted to specific areas of financial management.
Does not include any filing fees or court costs.